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Bloomberg
United Airlines Holdings Inc has quietly divested its stake in the parent company of former regional carrier ExpressJet Airlines Inc, according to people familiar with the matter.
United had maintained a 49.9% position in ManaAir after shuttering ExpressJet’s regional feed operations almost two years ago after the onset of the Covid-19 pandemic. ExpressJet, which has an operating certificate and is led by CEO Subodh Karnik, last year started Aha! Airlines, a low-cost carrier that flies from Reno, Nevada.
ManaAir was dissolved in late May under an agreement between the parties, according to two people who were not authorised to discuss the matter. United hasn’t disclosed financial terms of the transaction, which hasn’t been previously reported. Aha, which continues to operate after United’s exit, flies four 50-seat Embraer SA aircraft to nine leisure markets in the western US.