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United Airlines Announces New Partnership With ExpressJet

captjim

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United Airlines Announces New Partnership With ExpressJet

ExpressJet to Operate 22 Aircraft as Replacement Flying for United Express

Press Release
Source: UAL Corporation
On 9:00 am EST, Monday November 16, 2009
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Companies: Ual CorporationExpressjet Holdings Inc.
CHICAGO, Nov. 16 /PRNewswire-FirstCall/ -- UAL Corporation (Nasdaq: UAUA - News), the holding company whose primary subsidiary is United Airlines, today announced that ExpressJet Airlines, a wholly owned subsidiary of ExpressJet Holdings, Inc. (NYSE: XJT - News) will operate 22 ERJ-145 aircraft under the United Express brand.

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Symbol Price Change
UAUA 7.25 0.00

This new flying, which will begin on May 1, 2010, will replace flying previously done by other United Express partner carriers whose contracts have expired and is consistent with the 2010 capacity outlook United provided in its third quarter earnings conference call.

"We have worked with ExpressJet previously for short-term flying contracts, and they provided our customers with exceptional service," said Cindy Szadokierski - vice president Airport Operations Planning and United Express. "ExpressJet offered us the most competitive bid, enabling us to continue to operate efficiently in this difficult environment."

"We are pleased that our commitment to exceptional operational performance coupled with a highly competitive economic model provided ExpressJet the opportunity to offer replacement flying for United Airlines under a multi-year arrangement," said Jim Ream - president and chief executive officer of ExpressJet. "This award represents a tremendous opportunity for our company and I know ExpressJet employees are excited to deliver the very best service to United's customers."

About United

United Airlines (Nasdaq: UAUA - News) operates approximately 3,300* flights a day on United and United Express to more than 200 U.S. domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington, D.C. With key global air rights in the Asia-Pacific region, Europe and Latin America, United is one of the largest international carriers based in the United States. United also is a founding member of Star Alliance, which provides connections for our customers to 1,071 destinations in 171 countries worldwide. United's 47,000 employees reside in every U.S. state and in many countries around the world. News releases and other information about United can be found at the company's Web site at united.com or follow United on Twitter @UnitedAirlines.

*Based on United's forward-looking flight schedule for October 2009 to October 2010.

About ExpressJet

ExpressJet Holdings operates several divisions designed to leverage the management experience, efficiencies and economies of scale present in its subsidiaries, including ExpressJet Airlines, Inc. and ExpressJet Services, LLC. ExpressJet Airlines serves 130 scheduled destinations in North America and the Caribbean with approximately 1,100 departures per day. Operations include a capacity purchase agreements for United and Continental as well as providing clients customized 41-seat and 50-seat charter options; and supplying third-party aviation and ground handling services. For more information, visit www.expressjet.com.
 

General Lee

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"ExpressJet offered us the most competitive bid, enabling us to continue to operate efficiently in this difficult environment."


Didn't my friend up in St Cloud, MN say they could be coming up there? I think I did....... Maybe it is at risk flying vs pay for departure? The days of free profits for regionals may be over.... It is pure survival time....(just like the majors, imagine that??? Paying for your own fuel bill? Imagine that?)


Bye Bye--General Lee
 

DHPFLYN

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Where did you read that ? Or once again just talking out your ass
 

TNPILOT

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From Bloomberg...

United Airlines Announces New Partnership With ExpressJet

ExpressJet to Operate 22 Aircraft as Replacement Flying for United Express

PR Newswire

CHICAGO, Nov. 16

CHICAGO, Nov. 16 /PRNewswire-FirstCall/ -- UAL Corporation (Nasdaq: UAUA), the
holding company whose primary subsidiary is United Airlines, today announced
that ExpressJet Airlines, a wholly owned subsidiary of ExpressJet Holdings,
Inc. (NYSE: XJT) will operate 22 ERJ-145 aircraft under the United Express
brand.

This new flying, which will begin on May 1, 2010, will replace flying
previously done by other United Express partner carriers whose contracts have
expired and is consistent with the 2010 capacity outlook United provided in
its third quarter earnings conference call.

"We have worked with ExpressJet previously for short-term flying contracts,
and they provided our customers with exceptional service," said Cindy
Szadokierski - vice president Airport Operations Planning and United Express.
"ExpressJet offered us the most competitive bid, enabling us to continue to
operate efficiently in this difficult environment."

"We are pleased that our commitment to exceptional operational performance
coupled with a highly competitive economic model provided ExpressJet the
opportunity to offer replacement flying for United Airlines under a multi-year
arrangement," said Jim Ream - president and chief executive officer of
ExpressJet. "This award represents a tremendous opportunity for our company
and I know ExpressJet employees are excited to deliver the very best service
to United's customers."

About United

United Airlines (Nasdaq: UAUA) operates approximately 3,300* flights a day on
United and United Express to more than 200 U.S. domestic and international
destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and
Washington, D.C. With key global air rights in the Asia-Pacific region, Europe
and Latin America, United is one of the largest international carriers based
in the United States. United also is a founding member of Star Alliance, which
provides connections for our customers to 1,071 destinations in 171 countries
worldwide. United's 47,000 employees reside in every U.S. state and in many
countries around the world. News releases and other information about United
can be found at the company's Web site at united.com or follow United on
Twitter @UnitedAirlines.

*Based on United's forward-looking flight schedule for October 2009 to October
2010.

About ExpressJet

ExpressJet Holdings operates several divisions designed to leverage the
management experience, efficiencies and economies of scale present in its
subsidiaries, including ExpressJet Airlines, Inc. and ExpressJet Services,
LLC. ExpressJet Airlines serves 130 scheduled destinations in North America
and the Caribbean with approximately 1,100 departures per day. Operations
include a capacity purchase agreements for United and Continental as well as
providing clients customized 41-seat and 50-seat charter options; and
supplying third-party aviation and ground handling services. For more
information, visit www.expressjet.com.

SOURCE UAL Corporation

Website: http://www.expressjet.com
Website: http://united.com
Contact: United Worldwide Press Office, +1-312-997-8640; or ExpressJet Media
Relations, +1-832-353-3333
Last Updated: November 16, 2009 09:00 EST
 

General Lee

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Where did you read that ? Or once again just talking out your ass


Hmmmm, I guess you can't figure out that if UNITED is asking for the cheapest operation possible, it probably would be AT RISK flying..... Wanna read the statement again? United aint doin great ya know. Here you go:

"ExpressJet offered us the most competitive bid, enabling us to continue to operate efficiently in this difficult environment."


Re-read it yourself 8 times and then get back to me.


Bye Bye--General Lee
 

777forever

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Hmmmm, I guess you can't figure out that if UNITED is asking for the cheapest operation possible, it probably would be AT RISK flying..... Wanna read the statement again? United aint doin great ya know. Here you go:

"ExpressJet offered us the most competitive bid, enabling us to continue to operate efficiently in this difficult environment."


Re-read it yourself 8 times and then get back to me.


Bye Bye--General Lee

Hehe. Nice one. Well, I'm not sure what type of contract it is in terms of fee for departure vs. at risk, but Skywest management did say that XJET bid this flying at a loss.
 

Skaff

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Hmmmm, I guess you can't figure out that if UNITED is asking for the cheapest operation possible, it probably would be AT RISK flying..... Wanna read the statement again? United aint doin great ya know. Here you go:

"ExpressJet offered us the most competitive bid, enabling us to continue to operate efficiently in this difficult environment."


Re-read it yourself 8 times and then get back to me.


Bye Bye--General Lee

Yep, just talking out his ass.
 

BoilerUP

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Might as well assume express jet is paying to fly.

Why would one assume that?

I believe XJT would need to file a Form 8-K with the SEC if they entered into such an agreement with UAUA.
 

superrav

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some of you guys need to wack your monkey off....seriously. talking like your management. Just fly the planes...
 

TapitLight

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Wow. Underbid Trans States. I am sure XJT's costs are quite a bit higher than Trans States, guess flying at some loss is better than chartering the planes around at a huge loss.
 

UND_Sioux

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Check out the XJT SEC filing 10-Q filed today. Pay to play is exactly what happened. XJT just did it with stock.
 

BoilerUP

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Check out the XJT SEC filing 10-Q filed today. Pay to play is exactly what happened. XJT just did it with stock.

Yup, sure enough...

XJT 10-Q said:
We anticipate that the definitive agreement with respect to the multiyear arrangement will include a grant to United of 2.7 million common stock warrants with an exercise price of $0.01 per share of common stock and that all related documents will be executed in the near future. Once executed, we will file a Current Report on Form 8-K with respect to the definitive agreement.
 

NWaviator

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Where is the base? ORD? Congrats guys, I hope some furloughed guys get a call back.
 

B.T.Justice

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Didn't my friend up in St Cloud, MN say they could be coming up there? I think I did....... Maybe it is at risk flying vs pay for departure? The days of free profits for regionals may be over.... It is pure survival time....(just like the majors, imagine that??? Paying for your own fuel bill? Imagine that?)


Bye Bye--General Lee

The majors can't get a free lunch. If the majors want fee for departure, they assume the risks, since they dictate to the regional where and when they fly. In a code share, where the regional is exposed to the risks, the regional sets the schedule and fare....

So far the majors like to dictate the schedule and fares....and thats why they are on the hook for fuel.
 

Data

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The majors can't get a free lunch. If the majors want fee for departure, they assume the risks, since they dictate to the regional where and when they fly. In a code share, where the regional is exposed to the risks, the regional sets the schedule and fare....

So far the majors like to dictate the schedule and fares....and thats why they are on the hook for fuel.

You'd think a major airline pilot would be able to figure that out...
 

nerjdriver

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Wow. Underbid Trans States. I am sure XJT's costs are quite a bit higher than Trans States, guess flying at some loss is better than chartering the planes around at a huge loss.

You no nothing about economics. Have you ever heard of a large economy of scale?
 

General Lee

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The majors can't get a free lunch. If the majors want fee for departure, they assume the risks, since they dictate to the regional where and when they fly. In a code share, where the regional is exposed to the risks, the regional sets the schedule and fare....

So far the majors like to dictate the schedule and fares....and thats why they are on the hook for fuel.

We also pay for the marketing, reservations, etc... Time for your FREE LUNCH to be over. We pay way too much for your services, and now you guys will have to share a larger portion of the pie. I used to love it when you guys (especially the COMAIR pilots) would state "Look how profitable we are, we are the ones holding you guys up....." That was because we were paying for everything. That is changing. And if a Regional sets the schedules and fares, I would SUGGEST that the regional time the flights in accordance with the "banks" of mainline flights coming into the hub, for better use of connections. See, it wasn't that hard.....(that is what she said.....)

And one more thing---we RENT your lift. That is it. You are a low rent lift provider. Get used to it. But other than that.....thanks for being part of "the team."

Bye Bye--General Lee
 
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