I was there in 2008 as well, and Nevets is pretty much spot on about how it went down.

I may be hazy on the details but as I recall, Continental basically said be acquired and/or match the offer we got from Skywest or we will start drawing you down even further (from the 69 they had already suspended contracts on) piece by piece until you are nothing. So what choice did XJT have? And in the end, Skywest got the crummy deal they negotiated anyway and forced it on XJT after we were acquired. They made the bed, now they have to lie in it. And lie by omission about it apparently.