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meritflyer · May 13th, 2008, 00:42

SkyWest made an "unsolicited" bid for ExpressJet which was ultimately turned down. Then Continental goes on record with the letter above (as filed with the SEC). SkyWest has basically gone cloak and dagger on ExpressJet. Continental wants ExpressJet's management team gone and SkyWest is essentially the way to make that happen. It's no secret that Jim Ream of Express and Larry Kellner have a real distaste for each other.

SkyWest thinks ExpressJet is headed for bankruptcy given their current cash burn, contracts and their respectful date of expiration, lack of progress with new CPA's, and troubled Branded operation. SkyWest has made a proposal to ExpressJet pilots that eliminates their scope, takes them out of LAX, puts 800 guys on the street, closes Branded operations, and allows flying to be slowly moved from ExpressJet Holdings to SkyWest.

Not a good situation for ExpressJet given the struggles they've faced and will continue to face.

May 13th, 2008, 00:42	#3
meritflyer Old Skool Join Date: Dec 2005 Location: Winchestertonfieldville Posts: 6,734	Re: Fill Me In.... SkyWest made an "unsolicited" bid for ExpressJet which was ultimately turned down. Then Continental goes on record with the letter above (as filed with the SEC). SkyWest has basically gone cloak and dagger on ExpressJet. Continental wants ExpressJet's management team gone and SkyWest is essentially the way to make that happen. It's no secret that Jim Ream of Express and Larry Kellner have a real distaste for each other. SkyWest thinks ExpressJet is headed for bankruptcy given their current cash burn, contracts and their respectful date of expiration, lack of progress with new CPA's, and troubled Branded operation. SkyWest has made a proposal to ExpressJet pilots that eliminates their scope, takes them out of LAX, puts 800 guys on the street, closes Branded operations, and allows flying to be slowly moved from ExpressJet Holdings to SkyWest. Not a good situation for ExpressJet given the struggles they've faced and will continue to face. __________________ The simplest answer tends to be correct.