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Old 05-07-2014 | 10:40 AM
  #5966  
Waitingformins
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Joined: Dec 2012
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Originally Posted by air101
lol right. It's just the blame game. They fail to realize just how dire their financial position was when Inc purchased them in 2010, November 12th to be exact. The 7-year CPA that was signed was done in 2008, when SkyWest originally attempted to buy out ExpressJet, but failed due to the new CPA being signed with Continental at the time. They ended their independent ExpressJet operations and furloughed 347 pilots in 2008, I guess this is SkyWest's fault too. Fact of the matter is, ExpressJet had been on the decline financially ever since they were spun off from Continental in 2002. In 2005 Continental was set to reduce the fleet by 69 aircraft and that's when they got the bright idea to operate them independently. That was the beginning of the end.
So INC purchased them knowing the CPA was unprofitable? Kind of doest sound like a winning argument. Or they had a genius plan to force concessions after buying an underbid contract? You might wanna stick with, they wanted to tap the United feed market and didn't anticipate on the united/Cal merger?