8/5/2010

SkyWest, the nation's biggest regional airline, said Wednesday it will pay $133 million to buy ExpressJet -- and that more acquisitions may be in the works. When the merger is complete, SkyWest will operate most of the commuter flights for United Airlines and Continental Airlines, along with some flights for Delta Air Lines and AirTran. Brad Rich, SkyWest's chief financial officer, said the company also is interested in Delta's Comair commuter unit. "The market is getting so competitive, and the inability of the transportation industry to generate profit requires more efficiency, which will be created through consolidation," he noted.

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