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Status Of SkyWest Inc.-EspressJet Buyout?  
User currently offlineFlyASAGuy2005 From United States of America, joined Sep 2007, 7004 posts, RR: 11
Posted (3 years 9 months 3 weeks 3 days 12 hours ago) and read 5402 times:

I was browsing the database this early AM and came across the photo below:


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Photo © Bruce Leibowitz



The caption got me to thinking about the whole buyout announcement and I really haven't heard a peep since August time frame when I was first made public.

Has there been any progress? Is there an official shareholder approval date set? Are they still moving forward with XE into EV? Just curious as this was a pretty big deal but have not heard anything in almost 3 months.


What gets measured gets done.
10 replies: All unread, jump to last
 
User currently offlineLAXintl From United States of America, joined May 2000, 24888 posts, RR: 46
Reply 1, posted (3 years 9 months 3 weeks 3 days 12 hours ago) and read 5380 times:

DOT has granted various tentative approvals during September and also last week combining route authorities, and certificate transfer application.

Major thing pending is the stock holder vote for which I have not seen a date on, but should be shortly, as the investor documents still state “transaction is expected to close during fourth quarter 2010”.

[Edited 2010-10-11 22:30:08]


From the desert to the sea, to all of Southern California
User currently offlinesunstar From United States of America, joined Jan 2008, 36 posts, RR: 0
Reply 2, posted (3 years 9 months 3 weeks 3 days 1 hour ago) and read 5129 times:
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What will happen to the xjt charter division when its all done..Will the express jet livery go away after asa and xjt are on one op cert..

User currently offlineMainland From United States of America, joined Jun 2004, 306 posts, RR: 0
Reply 3, posted (3 years 9 months 3 weeks 3 days 1 hour ago) and read 5071 times:

A shareholder vote should be coming soon. All of the shareholder lawsuits that were filed shortly after the announcement were consolidated and settled late last week. With this, ExpressJet will be able to file their final merger proxy shortly and send it off to shareholders. The vote should follow in about 4 weeks after mailing, so around mid December if all goes well.


You don't need a passport to know what state you're in...
User currently offlineFlyASAGuy2005 From United States of America, joined Sep 2007, 7004 posts, RR: 11
Reply 4, posted (3 years 9 months 3 weeks 2 days 21 hours ago) and read 4873 times:

Quoting sunstar (Reply 2):
What will happen to the xjt charter division when its all done..Will the express jet livery go away after asa and xjt are on one op cert..

Who knows. I know DL uses DCI a/c as a part of Delta Private Jets, formerly Air Elite. Maybe there is a non-compete clause in the DCI contracts. Then again, if they only use the a/c actually owned or leased directly to XE it may not be a problem.

Thanks for all the updates btw guys! Next thing is XE pilot scope. I thought I was reading where it said even if they were a part of a holding company, there would still be issues with SkyWest being non-union and them being union and so on. What was the whole deal with that?



What gets measured gets done.
User currently offlinetoltommy From United States of America, joined Dec 2003, 3288 posts, RR: 4
Reply 5, posted (3 years 9 months 3 weeks 2 days 20 hours ago) and read 4824 times:

Quoting FlyASAGuy2005 (Reply 4):
I know DL uses DCI a/c as a part of Delta Private Jets

Not according to www.deltaprivatejets.com. The largest plane is a 16 seat Gulfstream G-V. If you want/need bigger, you'll get sent to Delta Charter on the Delta.com site. Using a DCI or mainline plane is a different product than you get from Delta Private Jets.


User currently offlineAntoniemey From United States of America, joined Dec 2005, 1555 posts, RR: 4
Reply 6, posted (3 years 9 months 3 weeks 2 days 17 hours ago) and read 4716 times:

Quoting FlyASAGuy2005 (Reply 4):
Thanks for all the updates btw guys! Next thing is XE pilot scope. I thought I was reading where it said even if they were a part of a holding company, there would still be issues with SkyWest being non-union and them being union and so on. What was the whole deal with that?

I believe the issue there is that XE has a clause in its pilot contract requiring that if it is bought by another company that owns other airlines, there must be a single seniority list for all pilots employed by the airlines owned by that company. Skywest is trying to get around that by having ASA be the entity that buys ExpressJet... I don't know if that will satisfy the terms of the contract or not.



Make something Idiot-proof, and the Universe will make a more inept idiot.
User currently offlinebhmdiversion From United States of America, joined Dec 2008, 457 posts, RR: 0
Reply 7, posted (3 years 9 months 3 weeks 2 days 17 hours ago) and read 4682 times:

ASA and ExpressJet are ALPA carriers. All the capital for this purchase comes from SkyWest Inc. - not SkyWest Airlines. ASA and ExpressJet will have one Senority List for Pilots.

Are ExpressJet FA's AFA? Are their (ExpressJet's) Dispatchers unionized? Does anyone know?


User currently offlineDashTrash From United States of America, joined Aug 2006, 1520 posts, RR: 2
Reply 8, posted (3 years 9 months 3 weeks 2 days 16 hours ago) and read 4582 times:

Quoting Antoniemey (Reply 6):
I believe the issue there is that XE has a clause in its pilot contract requiring that if it is bought by another company that owns other airlines, there must be a single seniority list for all pilots employed by the airlines owned by that company. Skywest is trying to get around that by having ASA be the entity that buys ExpressJet... I don't know if that will satisfy the terms of the contract or not.

You are correct.

Quoting bhmdiversion (Reply 7):
ASA and ExpressJet are ALPA carriers. All the capital for this purchase comes from SkyWest Inc. - not SkyWest Airlines. ASA and ExpressJet will have one Senority List for Pilots.

It will be up to a judge to sort it out should the XJT MEC decide to pursue it. Whether they actually will is anyone's guess.


User currently offlineFlyASAGuy2005 From United States of America, joined Sep 2007, 7004 posts, RR: 11
Reply 9, posted (3 years 9 months 3 weeks 1 day 14 hours ago) and read 4282 times:

Quoting toltommy (Reply 5):
Not according to www.deltaprivatejets.com. The largest plane is a 16 seat Gulfstream G-V. If you want/need bigger, you'll get sent to Delta Charter on the Delta.com site. Using a DCI or mainline plane is a different product than you get from Delta Private Jets.

Okay thanks for the clarification. I wasn't awarw they were both separate. Always thought the "big jet" charters were sort of rolled into Private Jets.

Quoting Antoniemey (Reply 6):
I believe the issue there is that XE has a clause in its pilot contract requiring that if it is bought by another company that owns other airlines, there must be a single seniority list for all pilots employed by the airlines owned by that company. Skywest is trying to get around that by having ASA be the entity that buys ExpressJet... I don't know if that will satisfy the terms of the contract or not.

Yes, that is what I remember hearing/reading.

Quoting bhmdiversion (Reply 7):
ASA and ExpressJet are ALPA carriers. All the capital for this purchase comes from SkyWest Inc. - not SkyWest Airlines. ASA and ExpressJet will have one Senority List for Pilots.

Like DashTrash said, I think only time will tell what will be the outcome. My guess is they will fight it tooth and nail.

Quoting bhmdiversion (Reply 7):
Are ExpressJet FA's AFA? Are their (ExpressJet's) Dispatchers unionized? Does anyone know?
XE F/As are IAM, EV F/As are AFA. XE dispatchers are TWU and EV dispatchers are PAFCA. This will be an interesting time as all these groups will not only have to negotiate new contracts but also ratify which of each will stay, first of all.

[Edited 2010-10-13 20:15:55]


What gets measured gets done.
User currently offlineDC8FanJet From United States of America, joined Aug 2006, 394 posts, RR: 0
Reply 10, posted (3 years 9 months 3 weeks 1 day 12 hours ago) and read 4180 times:

Quoting sunstar (Reply 2):
What will happen to the xjt charter division when its all done

Xjet has announced they will end the charter operations.


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