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Bloomberg
ExpressJet Airlines, a regional airline that has resumed operations after losing a key contract during the pandemic in 2020, has hired Moore Colson, an accounting and financial advisory firm, to help it fix its financial and labour problems.
The carrier is looking to cut its debt load and renegotiate contracts with pilots, according to people with knowledge of the situation. A representative for ExpressJet declined
to comment. Moore Colson didn’t respond to request for comment.
ExpressJet suspended operations in 2020 when it lost a contract to fly for United Airlines Holdings Inc. United had owned almost half of the regional carrier, but was looking to cut costs and improve profits in its business serving smaller cities.
In the second half of 2021, ExpressJet launched Aha!, a low-cost brand focused on luring leisure travellers to the Reno-Lake Tahoe area for weekend trips.
Earlier this year, United divested its 49.9% stake in ManaAir LLC, the parent company of ExpressJet.