Heres the Letter from Misner to XJT Regarding SKW
04-25-2008 | 11:30 AM
#11
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From: SkyWest Captain
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NEW YORK (MarketWatch) - SkyWest Inc. (SKYW:SkyWest Inc
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Last: 17.21+0.05+0.29%
3:13pm 04/25/2008
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SKYW 17.21, +0.05, +0.3%) confirmed its $3.50-a-share offer for ExpressJet Holdings Inc. XJ saying the bid was subject to the completion of due diligence. The St. George, Utah-based carrier also said it has negotiated the principal terms of a new contract with Continental Airlines [ which is intended to become effective after a deal with ExpressJet. "We believe our offer is consistent with our strategy of pursuing viable opportunities to enhance shareholder value, while also offering value to Continental through a new code-share relationship," said Bradford Rich, SkyWest chief financial officer. SkyWest shares were down a fraction at last check to $17.14, while ExpressJet shares added 50% to $3.13.
http://biz.yahoo.com/prnews/080425/laf517.html?.v=4
NEW YORK (MarketWatch) - SkyWest Inc. (SKYW:SkyWest Inc
News, chart, profile, more
Last: 17.21+0.05+0.29%
3:13pm 04/25/2008
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SKYW 17.21, +0.05, +0.3%) confirmed its $3.50-a-share offer for ExpressJet Holdings Inc. XJ saying the bid was subject to the completion of due diligence. The St. George, Utah-based carrier also said it has negotiated the principal terms of a new contract with Continental Airlines [ which is intended to become effective after a deal with ExpressJet. "We believe our offer is consistent with our strategy of pursuing viable opportunities to enhance shareholder value, while also offering value to Continental through a new code-share relationship," said Bradford Rich, SkyWest chief financial officer. SkyWest shares were down a fraction at last check to $17.14, while ExpressJet shares added 50% to $3.13.
http://biz.yahoo.com/prnews/080425/laf517.html?.v=4
04-25-2008 | 11:38 AM
#13
Doing One Pilot's Job
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04-25-2008 | 11:44 AM
#14
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From: Engines Turn or People Swim
I hate to see this type of strong arming. Not only that but skywest appears to be working very hard to take Mesas position (as mesa is about gone) to be the slimiest of them all. Make no mistake those of you at skywest, if this purchase goes forth it will not benefit your pay or schedule (two of the biggest factors in a pilots life) at all. In fact it may make them worse.
04-25-2008 | 11:53 AM
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From: DD->DH->RU/XE soon to be EV
Wasn't it a weird coincidence that when ASA FINALLY got their new CBA after YEARS of negotiating, the SkyWest pilots got an hourly raise shortly after?
Granted, that raise was not much to speak of, and it was LONG overdue. But a raise is a raise.
04-25-2008 | 12:03 PM
#17
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Well, another coincidence is that the sun came up on the morning of our payraise at SkyWest. More coincidences? I heard a bird chirp. Also, I saw a 1969 Corvette. Not sure which was responsible, but maybe all three !!!!
Oh, the one that is probably MOST coincidental ? We voted down ALPA. Call it a payola thank you.
04-25-2008 | 12:31 PM
#19
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From: A-320
what concerns me is how CAL thinks by SKW buying us, it will "reduce" our costs, I just hope its not by forcing concessions on our pilot group, such as training on days off, our vacation, and PBS...........
04-25-2008 | 12:41 PM
#20
Doing One Pilot's Job
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Well, another coincidence is that the sun came up on the morning of our payraise at SkyWest. More coincidences? I heard a bird chirp. Also, I saw a 1969 Corvette. Not sure which was responsible, but maybe all three !!!!
Oh, the one that is probably MOST coincidental ? We voted down ALPA. Call it a payola thank you.
Oh, the one that is probably MOST coincidental ? We voted down ALPA. Call it a payola thank you.
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