ExpressJet Holdings' main subsidiary, ExpressJet Airlines operates as a regional carrier through capacity purchase agreements as American Eagle, Delta Connection, and United Express -- enabling American Airlines, Delta, and United to reach markets that would be inefficiently served by their big aircraft. Its corporate aviation division offers charter service and sister company ExpressJet Services provides ground-handling and aircraft MRO services. Its fleet of more than 400 Bombardier and Embraer regional jets flies from about a dozen hubs across the US to some 190 destinations in the US, Canada, Mexico, and the Caribbean. Rival SkyWest acquired ExpressJet Holdings in late 2010.
Change in Company Type
The $133 million SkyWest deal came amid dramatic changes within the airline industry. A wave of airline giants sold their regional carriers, opting to outsource those flights to cut costs. (Continental spun off former subsidiary ExpressJet in 2002.) SkyWest bought ExpressJet through its Atlantic Southeast Airlines (ASA) subsidiary. It was SkyWest's second try to buy the regional competitor as it had offered to buy ExpressJet in spring 2008, but its price was rejected as too low.
ExpressJet operates from the following hubs: Atlanta, Chicago, Cincinnati, Cleveland, Denver, Detroit, Houston, Memphis, Minneapolis-St. Paul, Newark, and Washington, DC (Dulles).