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Topic: ExpressJet


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  Continental Express - Wikipedia, the free encyclopedia
ExpressJet in its previous existence as Continental Express flew turbo-props aircraft such as the ATR-42 and Beech 1900, but Continental Airlines now contracts with other airlines such as CommutAir, Gulfstream International, and Colgan Air to operate prop aircraft as Continental Connection on short-haul routes.
ExpressJet Holdings announced on Dec. 28, 2005 that they received notice from Continental Airlines of its intention to reduce by 69 the number of aircraft ExpressJet will operate for Continental under the companies' capacity purchase agreement.
ExpressJet has not announced where or for whom they will fly the aircraft, but they are in talks with European airlines to operate as a capacity-purchase feeder.
en.wikipedia.org /wiki/Continental_Express   (494 words)

  
 ExpressJet Airlines - Wikipedia, the free encyclopedia
ExpressJet Airlines (IATA: RU, ICAO: BTA, and Callsign: Jet Link) NYSE: XJT is a regional airline based in Houston, Texas, USA.
It began operations as Continental Express in April 1987 and was later acquired by Continental Airlines.
Expressjet is currently exploring options to operate under the Capacity Purchase model in Europe, using 69 jets withdrawn from their contract with Continental Airlines.
en.wikipedia.org /wiki/ExpressJet_Airlines   (267 words)

  
 Continental Pulls 69 Planes From ExpressJet
ExpressJet is currently the exclusive operator of regional jet services for Continental.
ExpressJet has nine months to decide whether to retain the jets or return them to Continental.
ExpressJet can continue to sublease from Continental any of the withdrawn aircraft, although at significantly increased lease rates, Continental said.
www.thestreet.com /pf/stocks/transportation/10259338.html   (206 words)

  
 ExpressJet Holdings, Inc. :: ExpressJet Holdings Reports Improved Earnings for the Fourth Quarter and Full Year 2004   (Site not responding. Last check: 2007-11-01)
ExpressJet's fourth quarter 2004 operating income reflected a 14.2 percent operating margin, as compared with an operating margin of 13.7 percent for the 2003 fourth quarter.
ExpressJet ended the year with $215.2 million in cash, including $6.3 million in restricted cash, which is $22.1 million more than the prior year's $193.1 million.
For the full year 2004, ExpressJet's quarterly results consistently exceeded the operating margin band of 8.5 percent to 11.5 percent contemplated in the company's capacity purchase agreement with Continental Airlines, leading to a total rebate of $61.0 million to Continental, as compared to $30.1 million rebated during 2003.
sev.prnewswire.com /airlines-aviation/20050120/DAW00619012005-1.html   (1019 words)

  
 RedOrbit - Technology - ExpressJet Reports Second Quarter Earnings of Million   (Site not responding. Last check: 2007-11-01)
ExpressJet's second quarter 2005 operating income reflected a 10.3 percent operating margin, as compared with an operating margin of 13.5 percent for the 2004 second quarter.
ExpressJet announced the purchase of a non-controlling interest in Wing Holdings, LLC on June 17, 2005.
ExpressJet Holdings has strategic investments in the air transportation sector, including ExpressJet Airlines, Inc., which operates a fleet of 257 Embraer regional jets as Continental Express to 152 destinations in the United States, Canada, Mexico, Central America and the Caribbean, and ExpressJet Services, LLC, which provides third-party maintenance services.
www.redorbit.com /news/display?id=183009&source=r_technology   (989 words)

  
 Associated Press Business News: ExpressJet Shares Rise on Upgrade - MSN Money   (Site not responding. Last check: 2007-11-01)
Merrill Lynch analyst Michael Linenberg upgraded ExpressJet's stock to "Neutral" from "Sell." In a research note, he wrote that he did not expect ExpressJet to hold onto all 69 regional jets that are being withdrawn from a code-share agreement with Continental Airlines.
ExpressJet has an agreement to operate as Continental Express, feeding passengers from smaller cities to Continental mainline flights.
ExpressJet said Friday it would keep all 69 jets, which Continental earlier decided to remove from its capacity purchase agreement.
news.moneycentral.msn.com /provider/providerarticle.asp?feed=AP&Date=20060508&ID=5702526   (250 words)

  
 Continental To Cut 69 Planes From ExpressJet
Houston-based ExpressJet said it had received notice of Continental's plan to withdraw the aircraft, adding that the two carriers are still negotiating a rate structure for 2006.
ExpressJet has up to nine months to decide whether it wants to sublease any of the 69 aircraft, on which it would pay higher rates, Continental said.
Continental said it had provided ExpressJet with a schedule providing for the withdrawal of the first regional aircraft in December 2006 and the last in the second quarter of 2007, with a transition to a new operator expected to begin in January 2007.
news.airwise.com /story/view/1135814471.html   (552 words)

  
 United, US Airways Like Their First-Quarter Results; ExpressJet Keeps RJs
Ream said the ExpressJet board decided there was enough progress on all fronts to let employees and the investment community know that the company will keep the aircraft.
But ExpressJet won't be trying to defend a single operating base, as Independence Air did at Washington Dulles International Airport, and it won't try to be a low-fare carrier.
ExpressJet will try to make its mark, he said, with competitive costs, high-value service and the capabilities of its aircraft.
www.aviationnow.com /avnow/news/channel_awst_story.jsp?id=news/aw051506p3.xml   (853 words)

  
 Continental Airlines to Withdraw 69 Aircraft From ExpressJet Airlines, Inc.
ExpressJet is currently the exclusive operator of regional jet services for Continental Airlines.
The transition of service from ExpressJet to a new operator is expected to begin in January 2007 and be completed during the summer of 2007.
Should ExpressJet elect to retain aircraft, those aircraft may be replaced by a new operator.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-28-2005/0004240061&EDATE=   (527 words)

  
 ExpressJet Holdings | Press Releases   (Site not responding. Last check: 2007-11-01)
The transition of these aircraft from the capacity purchase agreement is scheduled to begin in December 2006 and to be complete by June 2007.
ExpressJet Airlines operates a fleet of Embraer regional jets as Continental Express to 152 destinations in the United States, Canada, Mexico, Central America and the Caribbean, and provides third-party training through its Training Services division.
The company is the sole stockholder of these subsidiaries and also invests in other entities that permit it to leverage the management experience, efficiencies and economies of scale present in its subsidiaries.
investor.expressjet.com /phoenix.zhtml?c=130007&p=irol-newsreleasesingle&t=Regular&id=853062&   (416 words)

  
 ExpressJet IPO fuels up after JetBlue success - Apr. 12, 2002
ExpressJet, which operates now as Continental Express, is the world's second-largest regional airline, flying to 113 cities in 34 states, the District of Columbia, Mexico and Canada.
ExpressJet plans to raise about $390 million, selling 26 million shares at an estimated $14 to $16 a share via lead underwriters Salomon Smith Barney and Morgan Stanley.
ExpressJet will use the proceeds of the IPO to pay off a portion of debt to Continental.
money.cnn.com /2002/04/12/markets/ipo/sat_ipos   (639 words)

  
 ExpressJet Profit Rises On Increased Demand
ExpressJet Holdings, which provides regional jet service for Continental Airlines, on Wednesday said quarterly profit edged higher as it flew more flights amid a resurgence in air travel.
ExpressJet said it performed better than the terms of its agreement with Continental and rebated USD$2.6 million to its partner airline to reach its contractual operating margin.
ExpressJet, under pressure from Continental to yield greater profit, said last week it would keep 69 planes leased from its partner airline after the two carriers failed to agree new terms for providing regional services.
news.airwise.com /story/view/1147264560.html   (211 words)

  
 Continental To Cut Quarter Of ExpressJet Fleet After Talks Fail
Continental believes ExpressJet's rates are "above the current market." A spokesman for Continental explained that its amended 2002 agreement with ExpressJet was based on how the industry stood before to restructuring, and the rates in that deal are now uncompetitive.
ExpressJet's revenue per block hour for the year through the third quarter was $1,887, just above the lowest block-hour revenue of $1,865 at Republic.
The regional jets are scheduled to start exiting the ExpressJet fleet in January 2007 and continue through the summer of that year.
www.aviationnow.com /avnow/news/channel_aviationdaily_story.jsp?id=news/EXP12285.xml   (352 words)

  
 ExpressJet/Colgan Air Win Regional Aviation News Awards
He also managed the transition of the airline from a turboprop operator to an all-jet fleet operating almost 200 Embraer ERJ 135/145 regional jets while managing to maintain a 99.9 percent controllable completion factor.
ExpressJet also became the launch customer for the extended range ERJ 145XR.
James B. Ream was appointed president of ExpressJet and Continental Express in October 1999 and named CEO in 2001.
www.aviationtoday.com /reports/awards2003.htm   (798 words)

  
 ExpressJet Holdings | Press Releases   (Site not responding. Last check: 2007-11-01)
ExpressJet's November load factor was 76.4 percent, a 3.6 point increase over November 2004.
ExpressJet had a total completion factor of 98.7 percent during the month.
ExpressJet Airlines operates a fleet of 264 Embraer regional jets as Continental Express to 152 destinations in the United States, Canada, Mexico, Central America and the Caribbean, and plans to provide third-party training through its Training Services division.
phx.corporate-ir.net /phoenix.zhtml?c=130007&p=irol-newsreleasesingle&t=Regular&id=792133&   (294 words)

  
 ExpressJet Reports October 2005 Performance
ExpressJet's October load factor was 76.7 percent, a 2.4 point increase over October 2004.
In October 2004, ExpressJet's controllable completion factor was 99.9 percent and its total completion factor was 99.7 percent.
ExpressJet Airlines operates a fleet of 263 Embraer regional jets as Continental Express to 152 destinations in the United States, Canada, Mexico, Central America and the Caribbean, and plans to provide third-party training through its Training Services division.
www.wboc.com /global/story.asp?s=4059674&ClientType=Print   (380 words)

  
 Expressjet Airlines Forms Pilot Recruiting Alliance With FlightSafety Academy at Vero Beach   (Site not responding. Last check: 2007-11-01)
ExpressJet Airlines has formed an alliance with the FlightSafety Academy in Vero Beach, Florida.
The document endorsed by both parties indicates the confidence of ExpressJet in the quality of the Academy’s training procedures.
The ERJ-145 FAA Level “D” simulator on the campus provides an opportunity for the trainee to prepare for a first officer position on the exact duplicate of the airline’s aircraft.
www.flightsafety.com /news/401.htm   (352 words)

  
 ExpressJet Airlines   (Site not responding. Last check: 2007-11-01)
ExpressJet Airlines, Inc. operates as Continental Express, the regional provider for Continental Airlines.
With service to approximately 152 destinations in the United States, Canada, Latin America and the Caribbean, ExpressJet operates all of Continental’s regional service from its hubs in Houston, New York/Newark and Cleveland, and additional non-hub service.
ExpressJet Airlines employs approximately 6,800 people and is owned by ExpressJet Holdings, Inc.
www.expressjet.com /xjtAirlines.asp   (90 words)

  
 WJLA - ExpressJet Traffic Up 12.4 Pct. in Aug.   (Site not responding. Last check: 2007-11-01)
Regional carrier ExpressJet Holdings Inc. said Friday its August traffic grew 12.4 percent on a 9.9 percent capacity gain.The airline, which operates as a feeder carrier for Continental Airlines, said traffic grew to 955.8 million revenue passenger miles in August from 850.3 million a year before.
So far this year, ExpressJet said traffic is up 18.1 percent to 6.98 billion revenue passenger miles, on a capacity gain of 11.3 percent to 8.88 billion available seat miles.
ExpressJet shares closed down a penny at $6.98 on the New York Stock Exchange.
www.wjla.com /headlines/0906/357679.html   (252 words)

  
 Continental to withdraw some regional aircraft capacity from ExpressJet - Houston Business Journal:   (Site not responding. Last check: 2007-11-01)
The transition of service from ExpressJet (NYSE: XJT) to a new operator is expected to begin in January 2007 and be completed during the summer of 2007.
Prior to its recent decision, Continental representatives say they attempted to negotiate a more competitive long-term contract with ExpressJet but were unable to reach agreement.
According to Continental, ExpressJet can continue to sublease any of the 69 withdrawn aircraft from the airline, although at significantly increased lease rates.
www.bizjournals.com /houston/stories/2005/12/26/daily16.html?t=printable   (310 words)

  
 news - EXPRESSJET PURCHASES AN INTEREST IN WING AVIATION   (Site not responding. Last check: 2007-11-01)
ExpressJet and Wing Aviation will provide aviation services ranging from high-quality commercial and private travel to exceptional airframe maintenance, avionics installations and aircraft painting.
Airlines, Inc., ExpressJet Services, LLC, which operates as a third-party maintenance provider and JetX Aviation Limited, which is a European start-up company that seeks to provide regional jet service to European air carriers.
ExpressJet Announces Retention of 69 Aircraft and Conclusion of 2006 Rate Negotiations
www.noticias.info /asp/aspcomunicados.asp?nid=80569   (340 words)

  
 ExpressJet Purchases an Interest in Wing Aviation
HOUSTON, June 17 /PRNewswire-FirstCall/ -- ExpressJet Holdings (NYSE: XJT) today announced its purchase of a non-controlling interest in Wing Aviation, LLC.
ExpressJet Holdings has strategic investments in the air transportation sector aiming to maximize the efficiencies and economies of scale currently present in the company's operations.
Current operations include a fleet of 255 Embraer regional jets operated as Continental Express by ExpressJet Airlines, Inc., ExpressJet Services, LLC, which operates as a third-party maintenance provider and JetX Aviation Limited, which is a European start-up company that seeks to provide regional jet service to European air carriers.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/06-17-2005/0003880764&EDATE=   (266 words)

  
 [No title]
Analysts polled by Thomson First Call were expecting ExpressJet to hand in earnings of 42 cents a share.
ExpressJet shares lost more than a quarter of their value in late December after Continental said that it would pull the planes under their capacity-purchase deal, after the two sides failed to come to terms on pricing.
The company is now faced with the option of releasing the planes to another operator are flying them under its own brand.
www.marketwatch.com /enf/rss.asp?guid={D60D5403-E851-401F-9C3E-5972A28B0724}&dist=rss&siteid=mktw   (473 words)

  
 ExpressJet's Wings Clipped [Fool.com: Motley Fool Take] December 29, 2005   (Site not responding. Last check: 2007-11-01)
And in reviewing ExpressJet, its potential, and its perils, he included for the wary investor a few words of caution.
In the wake of this announcement, ExpressJet shares tumbled 22% in Wednesday trading, but I suspect only half of that damage was done by the capacity cuts.
ExpressJet basically has to accept the injury, accept the added insult, and lower its prices -- or else face the possibility of losing the source of essentially all of its revenue.
www.fool.com /News/mft/2005/mft05122905.htm   (609 words)

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