Bizarre. ExpressJet was a creation/spin-off from Continental. Usually companies of such a genesis remain 'in-bed' together. Didn't Continental only recently sell off their last portion of their holding? Maybe it's a ploy to justify better rates? Matthew On 28-Dec-05, at 8:37 AM, Travel Pages wrote: > XJT is down 12% this morning. > > Continental to yank 69 planes from ExpressJet > Wed Dec 28, 2005 11:09 AM ET > > NEW YORK, Dec 28 (Reuters) - Continental Airlines Inc. (CAL.N: > Quote, Profile, Research) said on Wednesday that it plans to > withdraw 69 regional jets from a capacity purchase agreement with > regional feeder carrier ExpressJet Holdings Inc. (XJT.N: Quote, > Profile, Research) after failing to agree on a cheaper contract. > > Continental said it would now seek bids from other regional jet > operators to operate the aircraft at more competitive rates. The > jets are part of a 274-plane fleet that ExpressJet operates for > Continental under the purchase agreement. > > > > --------------------------------- > Yahoo! DSL Something to write home about. Just $16.99/mo. or less >