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Aha! Ceases Operations, as ExpressJet Files for Chapter 11 Bankruptcy
Atlanta, GA-area-based ExpressJet Airlines filed for bankruptcy protection under Chapter 11 in Delaware and ceased all flight operations. ExpressJet has been operating as “aha!” from Reno-Tahoe to eleven cities in the western states and has also been providing ad-hoc charter services over the past six months. (www.aviacionline.com) Más...Sort type: [Top] [Newest]
Another one here: https://avgeekery.com/expressjet-airlines-files-for-bankruptcy/
Also, the sub-contractor / connector business is brutal. Times get tough? Partnerships are often first to go if not bought out. Very similar situation in Canada.
It's very easy in business to fall into the trap of looking mainly at variable costs and downplay fixed and intangible costs.
Agreed but investors (private or public) are willing to gamble on investments which pulls many types into the game. Some serious, some less so. My 2 cents.
Probably be a bidding war for their pilots.
https://onemileatatime.com/news/aha-ceases-operations-expressjet-liquidates/
https://thepointsguy.com/news/expressjet-aha-bankruptcy/