Copyright Photo: Continental Express-Rocky Mountain Airways de Havilland Canada DHC-7-102 Dash 7 N28RN (msn 6) FTG (Christian Volpati Collection). Image: 955161.
ExpressJet Airlines’ (Houston) pilots, who are represented by the Air Line Pilots Association, Int’l (ALPA), met this week to determine their position on the proposed sale of ExpressJet Airlines to SkyWest Holdings, Inc. (St. George) and the planned subsequent merger of the airline with Atlantic Southeast Airlines (ASA) (Atlanta), which was announced on August 4, 2010. The history of airline mergers has shown that pilot support is critical to an airline’s ability to fully realize the financial and operational gains from a merger.
After the August 4, 2010 announcement, the pilots’ union publicly stated a number of requirements that must be met for pilot support of the transaction:
– the transaction must result in a profitable airline that provides long-term stability and progressive career potential for our pilots;
– the transaction must honor the scope and successorship provisions of our collective bargaining agreement;
– management must commit to negotiating a joint collective bargaining agreement that benefits all pilots; and
– there must be a fair and equitable seniority list integration.
The union is now optimistic that the needs of the pilots will be protected.
Copyright Photo: Bruce Drum. Embraer ERJ 145XR (EMB-145XR) N13124 (msn 145689) operating as Continental Express prepares to land at Minneapolis/St. Paul.
ExpressJet Holdings, Inc. (Houston), parent company of regional and charter airline operator, ExpressJet Airlines (Houston) reported a second quarter loss of $5 million or $0.27 per diluted share excluding special items primarily related to non-cash adjustments of deferred tax assets and impairment of fixed assets. Including special items, ExpressJet’s loss totaled $18.6 million or $0.99 per diluted share for second quarter 2010.
For the six months ended June 30, ExpressJet’s loss excluding special items totaled $18.2 million or $1.00 per diluted share. Including special items, ExpressJet reported a loss of $34.7 million or $1.92 per diluted share for the six months ended June 30, 2010.
Subsequent to quarter-end, ExpressJet announced that it signed a definitive merger agreement with SkyWest, Inc. (Nasdaq:SKYW – News) whereby SkyWest, Inc. will acquire all of the outstanding common shares of ExpressJet for $6.75 per share in cash subject to the conditions of the definitive merger agreement. SkyWest, Inc. advised that its intention is that ExpressJet will be merged with its wholly-owned subsidiary, Atlantic Southeast Airlines following the closing of the transaction and receipt of all required regulatory approvals.
Copyright Photo: Bruce Drum. ExpressJet’s Embraer ERJ 145LR N15980 (msn 145202) taxies to the active runway at Charlotte.
Continental Airlines (Houston-Bush Intercontinental) yesterday (June 9) began twice-weekly flights between its Houston hub at Bush Intercontinental Airport and Tuxtla Gutierrez, Chiapas, Mexico, the airline’s 30th Mexican destination.
The new flight, operated as a Continental Express service by ExpressJet Airlines (Houston), departs Houston at 6:15 p.m. (1815) on Wednesdays and Saturdays, arriving in Tuxtla Gutierrez at 9:20 p.m. (2120). The return flight departs Tuxtla Gutierrez at 8:30 a.m. (0830) on Thursdays and Sundays and arrives in Houston at 11:20 a.m. (1120). ExpressJet will utilize the 50-seat Embraer ERJ 145XR regional jets for the new service.
Copyright Photo: Bruce Drum. ExpressJet’s Embraer ERJ 145XR (EMB-145XR) N13124 (msn 145689) prepares to land at Minneapolis/St. Paul.
Continental Airlines (Houston) today announced that beginning June 9, 2010, it will offer twice-weekly flights between its Houston hub at Bush Intercontinental Airport and Tuxtla Gutierrez, Chiapas, Mexico, the airline’s 30th Mexican destination, subject to government approval. Continental serves more destinations inMexico from the U.S. than any other airline.
The new flight, operated as Continental Express by ExpressJet Airlines, departs Houston at 6:15 p.m. on Wednesday and Saturday and arrives in Tuxtla Gutierrez at 9:20 p.m. The return flight departs Tuxtla Gutierrez at 8:30 a.m. on Thursday and Sunday and arrives in Houston at 11:20 a.m. Flights are timed for convenient connections to other flights in Continental’s network across the U.S. and to Canada and Europe.
ExpressJet Airlines will utilize the 50-seat Embraer ERJ 145XR regional jet for the new service.
Chautauqua Airlines (Continental Airlines) (Indianapolis) through its parent Republic Airways Holdings has decided to return its seven Bombardier CRJ200s (CL-600-2B19s) to the lessors and will be phased out from the fleet. The seven aircraft are currently being operated for Continental Airlines as a Continental Express carrier.
Copyright Photo: Jeffrey S. DeVore. CRJ200 (CL-600-2B19) N701BR (msn 7448) poses for the camera on the ramp at Houston (Bush Intercontinental).
Continental Airlines (Houston) announced that it will operate daily nonstop service between its Cleveland hub (Hopkins International Airport) to Green Bay and Norfolk beginning on May 2, 2010. The Continental Express service will use Embraer regional jet aircraft with 50 seats.
ExpressJet Airlines (Continental Express) (Houston) and Continental Airlines (Houston) applauded the report by the U.S. Department of Transportation (DOT) on the widely-reported tarmac delay of flight CO 2816 at Rochester, MN. The flight crew repeatedly tried to deplane the passengers and crew but were denied access to a gate.
Meanwhile Delta Air Lines (Atlanta) is conducting an internal investigation with its Mesaba Airlines (Delta Connection) (Minneapolis/St. Paul) subsidiary which apparently refused to help its Continental Express rival.