Sure they did.. The idea in this case is take those 69 aircraft and have another (read lower cost operator) operate them for Continental. The new company will have lower benefits, lower wages, higher work hours hence lower cost.. This is also a scare tactic from Continental to ExpressJet in terms not to ask for better working conditions when the renewal on the contracts come.. BAHA Fan of flying , but not for living ----- Original Message ---- From: Matthew Montano <mmontano@xxxxxxxxx> To: AIRLINE@xxxxxxxxxxxxxxxxx Sent: Wednesday, January 11, 2006 4:41:40 PM Subject: Re: Continental to yank 69 planes from ExpressJet 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 >