SkyWest Sees Fleet Synergies With Merger

SkyWest Inc. expects its proposed acquisition of ExpressJet Holdings will close by the fourth quarter, and the company is basing plans on an aggressive 12-18 month timetable for earning a single operating certificate (SOC) merging its wholly owned subsidiary Atlantic Southeast Airlines and ExpressJet.

SkyWest is offering $6.75 per share for ExpressJet. The $133 million acquisition, already approved by both carriers' boards, was expected to be filed yesterday and is pending shareholder and regulatory review. Continental and United, ExpressJet’s mainline partners, have already approved the plans, SkyWest CFO Bradford Rich told analysts Aug. 4. The merged entity will operate from an Atlanta headquarters, but will have significant operations at Houston.

Integrating the two fleets is not an issue, Rich noted. ExpressJet’s Embraer fleet and Atlantic Southeast’s Bombardier fleet will combine to make......

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