Maxwell Smart
Well-known member
- Joined
- Dec 8, 2002
- Posts
- 51
Rumor around town- is that X-jet is gathering up some coin to start another codeshare partner - names being kicked around are Delta and United - - management wants to settle the contract with the pilots - so they can figure expense cost and throw their hat in the ring for the additional codeshare- Exclusive codeshare to CAL is only locked in until 2006- By then - Coex will have about 370 50 seaters mostly XR's (extended range models 2000 mile range with a 45 minute reserve)--- So X-jet management has an agreement that they can go serve other majors - But must fund their own aircraft leasing - and assorted other cost- -- X-jet is still majority owned by CAL- until the stock price and market improve - then Cal will will sell off its controlling interest and us coex as a cash cow- X-jet is an "ALL JET FLEET" as of 13 December 2002- any- further info from you express guys - and how this may affect hiring and furlough recalls? - Thax - MAX
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