SkyWest Had Made Hostile $3.50/Share Bid For ExpressJet

[USCtrojan]

If I remember correctly...and my quickie Google search serves me...
XJT Dispatchers are represented by the TWU and the F/A's are IAM (same as CO F/A's).

Thanx Wally!

Trojan

 

[Speedtape]

I think SkyW Inc. will be lucky to get it that cheap. Stock is soaring now, as you said, there's blood in the water! We'll see.

Trojan

Wonder how much stock Skywest, Inc., may have had in XJet before they made this offer? That's one way to make some money! Own the stock, make the offer, watch the stock price increase, then sell at a profit. It was done many times in the late 80's by Marvin Davis, Ichan, and some of the other profit takers!

 

[s.o.sJTB]

Wonder how much stock Skywest, Inc., may have had in XJet before they made this offer? That's one way to make some money! Own the stock, make the offer, watch the stock price increase, then sell at a profit. It was done many times in the late 80's by Marvin Davis, Ichan, and some of the other profit takers!

The SEC would be all over that faster than the drop in MESA's Stock!

 

[Andy Neill]

Wonder how much stock Skywest, Inc., may have had in XJet before they made this offer? That's one way to make some money! Own the stock, make the offer, watch the stock price increase, then sell at a profit. It was done many times in the late 80's by Marvin Davis, Ichan, and some of the other profit takers!

Somewhere between 0% and 3.51% (my money is on 0%)
http://finance.yahoo.com/q/mh?s=XJT

 

[Speedtape]

The SEC would be all over that faster than the drop in MESA's Stock!

Are you sure? It has happened many time before! Need someone to make an offer for Skywest,INC. so I can get my investment back!

 

[Ben Dover]

Where are all the folks who said this would never happen because "the last thing Skywest need is more 50 seaters."

NOTE TO SELF: Pilots don't know dick about this sort of thing

 

[Speedtape]

Where are all the folks who said this would never happen because "the last thing Skywest need is more 50 seaters."

NOTE TO SELF: Pilots don't know dick about this sort of thing

1. When someone makes an absolute statement, don't believe them!

2. If the price is right, anything is for purchase or for sale!

 

[Bako Cap]

7700 strong. ALPA ASA/XJet starts a single list petition. A vote for representation (if ALPA wins or not I do not care). ONE LIST, relative seniority, and good fences.

 

[joe_pilot]

7700 strong. ALPA ASA/XJet starts a single list petition. A vote for representation (if ALPA wins or not I do not care). ONE LIST, relative seniority, and good fences.

A very good point

 

[ToiletDuck]

Pilots at XJT would be much more secure under the SkyWest Inc. umbrella. At least the uncerainty of low cash would be gone. You'd stay separate, at least for the next few years and you'd gain security. I'd say that's win win situation for the Pilots of XJT.

Trojan

The ego would hurt.

 

[SuperKooter]

The Sec website is a wonderful thing.

go to
http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp

Type in the Expressjet Ticker Symbol and look at the first few links. There are some letters between a few CEOs you may find interesting.

 

[USCtrojan]

The ego would hurt.

I understand this completely. Delta sold us off, and SkyWest Inc. didn't do squat for 2 years. Life got worse and worse as we saw our bases close. We settled a Contract and SkyWest started sending some boys over from St. George. Life has gotten and is getting better. These guys can run an airline. Nothing will happen at first. I don't have a good crystal ball, but I believe this would be a great thing for XJT. XJT is a strong company and needs cash. SkyW Inc. can get it to you and grow as a result -- all around.

Trojan

 

[BoilerUP]

shamelessly stolen from APC

April 7, 2008

Mr. James B. Ream
Chief Executive Officer and President
ExpressJet Holdings, Inc.
700 North Sam Houston Parkway, Suite 200
Houston, TX 77067


Mr. George R. Bravante, Jr.
Chairman
ExpressJet Holdings, Inc.
700 North Sam Houston Parkway, Suite 200
Houston, TX 77067




Dear Jim and George:

We understand that SkyWest, Inc. (“SkyWest”) has delivered to you an offer to acquire ExpressJet Holdings, Inc. (“ExpressJet”). In connection with your consideration of such offer, we wanted to inform you of our understanding with SkyWest regarding a new capacity purchase agreement (“CPA”) and our intentions regarding our existing contractual relationship.

First, we confirm that we have negotiated a new CPA with SkyWest, which would become effective if SkyWest is successful in acquiring ExpressJet (which, in turn, is subject to due diligence, among other things), and that we would consent to the change of control that would occur upon such an acquisition.

Second, absent our entering into a new CPA with savings of the magnitude we have negotiated with SkyWest, we currently expect to deliver to ExpressJet on June 28, 2008, a notice to withdraw 51 of the existing 205 Covered Aircraft from the current CPA, beginning in December 2009. Further, although we have the right to terminate the existing CPA at any time, we currently anticipate we will not extend the term of the current CPA (which we must do, if at all, by December 31, 2008), and thus the current CPA would simply expire in accordance with its terms beginning on December 31, 2010, with the expectation that all aircraft would be removed from the current CPA by the end of 2012.

We hope this information is helpful to you.

Sincerely,

Jeffrey J. Misner
Executive Vice-President and Chief Financial Officer
Continental Airlines, Inc.

 

[SuperKooter]

looks like its a go

 

[joe_pilot]

The Sec website is a wonderful thing.

go to
http://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp

Type in the Expressjet Ticker Symbol and look at the first few links. There are some letters between a few CEOs you may find interesting.

Ok Kooter, am I imagining it or was CAL saying to XJT that SKYW will be providing lift for them (CAL) in 2009 whether or not XJT agreed to the purchase??

I think that first letter might have said that. BTW, why did you remove the text of the letters?