That's what I would've said also but their current post for pilot emplyoment only requires a Class 2 medical. While that'll get you by as a F/O or F/E, most carriers require a Class 1 for anyone they hire. At my old airline, all crew positions got a Class 1 and the F/O's just took it once a year.
I thought maybe only requiring a Class 2 for newhires meant Express.Net was not a Part 121 carrier. I'm not really sure what the details are for Part 125 but have seen on these forums that some freight carriers are Part 125.
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