Originally Posted by
Jefferson
Expressjet was losing aprox 9-17 million a quarter with 90 million in the bank when ASA bought them.
Go a little further back in history to 2008 when SkyWest attempted a hostile takeover of ExpressJet. SkyWest ran that airline into the ground and waited two years to pick them up at a bargain price.
Pure genius from a management standpoint.
Pure hell for everyone else who didn't get to line their pockets from the deal.