16-Nov-2010 11:46 AM

SkyWest completes ExpressJet acquisition

SkyWest announced (15-Nov-2010) the completion of its acquisition of ExpressJet Holdings, the parent company of ExpressJet Airlines, a regional air carrier which serves more than 130 scheduled destinations in North America and the Caribbean with approximately 1200 daily departures. As a result of a merger transaction, ExpressJet Holdings became a wholly owned subsidiary of Atlantic Southeast Airlines, which is a wholly-owned subsidiary of SkyWest. SkyWest confirmed its intention to combine the operations of ExpressJet and Atlantic Southeast, subject to receipt of necessary regulatory approvals, and utilise Atlantic Southeast's facilities in Atlanta as the operating headquarters of the combined company. SkyWest anticipates that both airlines will continue to operate under separate airline operating certificates until the regulatory process can be completed for combining the airlines under a single operating certificate. Pending receipt of that single operating certificate, Atlantic Southeast intends to transition certain existing ExpressJet support functions to Atlantic Southeast and SkyWest. [more]

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