Posted on: 15 November 2010 by Mark Howells
SkyWest, Inc. has announced the completion of its acquisition of ExpressJet Holdings, Inc., the parent company of ExpressJet Airlines.
As a result of the merger transaction, ExpressJet Holdings became a wholly-owned subsidiary of Atlantic Southeast Airlines, Inc. (ASA), itself a wholly-owned subsidiary of SkyWest, Inc.
“Our acquisition of ExpressJet represents a significant step in the implementation of our strategic plan,” remarked Brad Rich, SkyWest’s executive vice-president and chief financial officer. “We are pleased to welcome ExpressJet’s employees into the SkyWest organisation and look forward to capitalising on the synergies we believe the acquisition presents.”
SkyWest confirmed its intention to combine the operations of ExpressJet and Atlantic Southeast, subject to receipt of necessary regulatory approvals, with the combined airlines headquartered in Atlanta. SkyWest expects both airlines to continue operating under separate airline operating certificates until the regulatory process can be completed for combining the airlines under a single operating certificate.
“With the completion of the acquisition, ASA and ExpressJet personnel have commenced the process of integrating their respective operations to ensure a smooth transition designed to deliver immediate value for customers and shareholders,” Rich reported. “We believe the combined operations of Atlantic Southeast and ExpressJet, together with the operations conducted by SkyWest Airlines, position us to offer an exceptional product to our passengers and major partners, provide growth opportunities for our employees and create additional value for our shareholders.”