Originally Posted by
Melit
That has been the case all along. United said they where looking at investing in Xjet NOT buying...Commutair will buy them funded by United.
United hasn’t said anything openly. It started with a Fortune magazine article saying ExpressJet was being BOUGHT by United, and fueled by the secret paragraph in the TA and conversations between United and ExpressJet management. The TA is still valid for 3 years even if CommutAir buys Xjet.