ExpressJet Airlines, Inc. turned down Friday SkyWest offer to acquire a regional airline for $181.6 million.
ExpressJet reported that it assessed the company’s value much higher than was offered - $3.50 a share.
SkyWest Inc, combined with Atlantic Southeast Airlines, is the sixth-largest airline in terms of number of planes, operating 436 regional aircraft.
The airline employs over 11,100 people and averages 1,794 daily departures across its network. Approximately 65% of flights are operated as United Express, 31% as Delta Connection, and 4% as Midwest Connect.
ExpressJet Airlines, Inc. is an autonomous business entity since its divestiture from Continental Airlines, Inc. It is the 14th-largest airline in terms of fleet size, operating 274 aircraft. Friday ExpressJet entered again into discussions with Continental regarding the contract.
Neither ExpressJet nor SkyWest commented the situation.
Peruvian judges accused world elites of Covid crisis conspiracy. Although this is nonsense from a legal point of view, circumstantial evidence is evident