DirkDiggler

ExpressJet Airlines, Inc will be a wholly owned subsidiary of ManaAir, LLC. Just replacing INC. Lets see if they clean house in ATL management or not. I will be curious to see how this will be different from the Champlain Enterprises Inc CommutAir experiment, since Subodh Karnik came from there. The proof will be in a net gain of new hires and only time will tell. The best part of this is getting away from ScumWest INC, the whipsaw master.

E6BAV8R

I don't think you understand how much XJet was losing money. The year that OO bought XJet you guys were losing over 30 Mil a year. Just this last Quarter before you got sold you were only losing 200K a year. You can blame OO all you want, but they also did help you guys out. OO most likely even lost money over buying and selling XJet. They bought you guys for over 130 Mil and sold for barely over 70, if I recall.

So telling OO that they should take responsibility is completely ignorant of your actual financial situation as a company. Do you think United would've bought you guys over another regional a couple years ago? Maybe so, but blaming OO for the entire state your company is rather misjudged. But hey, this is APC, that is all that happens here. Where every Regional is the industries worst nightmare and no one should fly airplanes.

texaspropguy

True, we were losing money hand over fist back in 2010 (but so was every airline). The losses we are having now are covered by what SKW is charging us for IT support a few times over. So, we are debatedly making money and ready to expand.

Hou757

This................

gojo

Omg, so am I hearing you correctly? I think you’re saying that Skywest is exempt from any responsibilitie of running a bad business that they own? What a crock of $hi! That just shows ignorance, plain and simple. Skywest placed the management at Express Jet. And that company was not run autonomously. They were under full control of Inc. Skywest chose to move hulls and flying to the Skywest side and devalue ExpressJet. To suggest that Skywest can successfully grow and obtain record profits but not ExpressJet is is ridiculous

Melit

Completely false OO never lost money. So how much did IT support cost? BTW IT were INC employees not OO or Exjet

Melit

They turned Exjet into ALMOST making a profit if that cost you to lose A/C so be it

gojo

What the h$!! are you saying? Expand on that and show some intelligence

DirkDiggler

Both the union and the company have long said they had zero profit CPA's with long term expirations that were agreed to by a previous CEO/BOD (before SkyWest merged us with ASA). There's another whole story why XJT has zero-profit CPA's to begin with (corruption, shady deals, borderline criminal CEO). Inc used XJT as a tool to get in with United Continental. A truly reliable business strategy, buy your competitor and shrink them. What better way to buy a company with zero profit CPA's with 4,000+ pilots combined, shift all the flying to the other side of the house with new profitable CPA's while resetting the longevity. The people at Inc are smart business people, you have to give them credit. But labor gets beaten down.

andili61

This article seems quite interesting. It's trying to explain what would happen with XJT. Any thoughts????

www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2018-12-18/united-grabs-regional-airline-stake-in-boost-for-domestic-hubs