ExpressJet, which used to fly for Continental as a regional partner before an ill-fated venture as a freestanding carrier, rejected an unsolicited offer from SkyWest to be purchased for $3.50 (in case you were wondering, and you weren’t, SkyWest joins Allegiant and US Airways as the three airlines I think have the most underrated management teams.) In its press release ExpressJet says that it is exploring other options including:
— Talking to Continental about working with them again (hahahahahaha)
— Finding another interested party (hahahahahahaha. Perhaps Mesa would’ve been interested before their absolutely unbelievable freefall over the past year or two).
— Asking SkyWest for more money (bingo!)
It appears that ExpressJet has two options: hope that SkyWest offers a few pennies more, or accept SkyWest’s current offer. Or shut down. Their call.