Originally Posted by
Red97Vette
While ASA did not wholly buy XJET, ASA was in a much better position finically than XJET. ASA had been generating strong profits for years while XJET had been bleeding cash like crazy. Obviously this is not the pilots fault, as management is to blame, but the attitude that ASA had nothing to do with the ability to purchase XJET is a bit exagurated. Skywest Inc is where the profits flow, so of course that's where the money comes from when all the outstanding stock is purchased. The strong profits from ASA thus played a role in the acquisition. If it wasn't for the whole surejet fiasco, the name expressjet and the certificate would no longer exist. I'm sick of all these legacy expressjet guys I bump into acting as if they "saved" ASA and they run the show.
You know, you make some valid points until your last sentence. However, I don't know of anyone here at the ERJ side that thinks Expressjet "saved" ASA. That sounds pretty ridiculous.
You do seem pretty bitter about the name change though.
If it makes you feel better, I'm pretty sure the company's were merged onto the ASA certificate, just that the name was changed. So technically your certificate still exists, just with our name on it.
The reality is that Skywest was financially strong enough that they could have bought Expressjet whether or not they had previously purchased ASA. They amount of cash they have right now is actually a little less than the cash they had on hand when they bought you, so had they not purchased ASA, they'd likely be in about the same spot. So while you make a valid point that ASA was part of Skywest when Skywest bought expressjet, it's not roaring profits from ASA were the only enabler of the deal. In fact, has not the Delta CPA been really bad for you guys over the past few years?