XPOO
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- Joined
- Nov 25, 2005
- Posts
- 1,874
True, that is a possibility and has been considered by many xjt pilots. The problem is that skw's offer gives those who wouldn't get furloughed zero job protection after 12 months. Doesn't seem like much of a "lifeline" does it?
It's also interesting that the skw offer wasn't mentioned at the ExpressJet Holdings, Inc. 2008 Annual Meeting this morning. The discussion was pretty upbeat and the board voted to keep Ream in charge. Strange that the board wouldn't get rid of the guy who has continuously failed to sign a new agreement with continental. Makes you wonder what they're planning.
As it stands now the xjt pilots have had no affect on whether this deal goes through or not. Xjt management already made that decision by not accepting the initial offer. If there is an offer they accept the pilots will have to decide.
Shareholder's Meeting was today, and the stock is already down a whole $1. Now standing at $1.75. Maybe keeping Ream will get you closer to the Mesa range.