05:03 pm - Thursday
ExpressJet to suspend operations as of September
New York, USA - ExpressJet Corporate Aviation charter fleet will keep on flying
(WAPA) - Houston based American airline, ExpressJet Holdings, said today it would suspend branded commercial operations as of September 2nd, blaming high fuel costs.
"If we had any other choice, we would not take this difficult action", Jim Ream, ExpressJet's president and chief executive, said in a statement. "However, rising fuel prices has made the operation impossible to sustain".
ExpressJet is the latest U.S. airline to suffer from higher costs such as fuel, after several airlines had already reduce routes and staff, raise fares or, at worst, go bankrupt.
The company said it would continue operating its charter flight operations with a fleet of 30 aircraft through ExpressJet Corporate Aviation.
ExpressJet rejected an unsolicited USD 3,50-a-share bid from SkyWest in April, saying the fair value of its stock was substantially higher than that.
ExpressJet said it would continue to sell tickets prior to September 2nd. (Avionews)
(Avionews)
Direttore Clara Moschini