I'm led to believe the press release is due out later this evening, so until then I guess it's "unofficial".
But it did come right from the horse's mouth. Ream and co. are holding an employee road show this week at all of the bases. The info comes from several text msgs from people at the ontario road show which is currently under way.
It's already common knowledge to just about everybody in the company unfortunately.
HOUSTON, July 8 /PRNewswire/ -- ExpressJet Airlines announced today that it will suspend flying under several lines of its at-risk flying operations in September 2008. ExpressJet mutually agreed to terminate its agreements with Delta Air Lines effective September 1, 2008 and will cease its branded (XE) commercial passenger flight operations on September 2, 2008. The 39 aircraft currently used in these operations will be among those returned to the lessor no later than June 2009.
I'd like to thank both Jim Ream, and Reverend Bedford for this fantastic news.
Furloughs are starting in October not September. From the mouth of the CEO, I was at the meeting today. He told us this verbatim, please don't spread misinformation. No number has been discussed either. But the date is definitively October 1st.