ExpressJet And SkyWest Receive Notice Of Early Termination Of Hart-Scott-Rodino Waiting Period For Proposed Acquisition

HOUSTON and ST. GEORGE, Utah, Sept. 14 /PRNewswire-FirstCall/ -- ExpressJet Holdings, Inc. (NYSE: XJT) and SkyWest, Inc. (Nasdaq: SKYW) ("SkyWest") today announced they have been notified by the Federal Trade Commission that it granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act with respect to SkyWest's proposed acquisition of ExpressJet announced on August 4, 2010.  The airlines' Hart-Scott-Rodino Act filings were submitted on August 30, 2010.

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"We appreciate the quick review of our filing so that we can move forward towards closing the transaction," said Tom Hanley, President and Chief Executive Officer of ExpressJet.  "This transaction provides ExpressJet stockholders a significant premium over ExpressJet's market price prior to the announcement and we believe that the combined airline will be able to provide a stable platform for growth for ExpressJet employees after this transaction closes," added Hanley.

ExpressJet and SkyWest announced a definitive merger agreement on August 4, 2010 whereby SkyWest proposes to acquire all of the outstanding common shares of ExpressJet for $6.75 per share in cash.  Following the merger, SkyWest intends to merge ExpressJet Airlines, Inc. with Atlantic Southeast Airlines, Inc., ("Atlantic Southeast") a wholly-owned subsidiary of SkyWest, upon the receipt of all required regulatory approvals and the satisfaction of other closing conditions.  ExpressJet and SkyWest continue to expect the transaction to close during fourth quarter 2010, subject to ExpressJet stockholder approval and customary closing conditions.

About ExpressJet

ExpressJet Holdings operates several divisions designed to leverage the management experience, efficiencies and economies of scale present in its subsidiaries, including ExpressJet Airlines, Inc. and ExpressJet Services, LLC.  ExpressJet Airlines serves 135 scheduled destinations in North America and the Caribbean with approximately 1,400 departures per day.  Operations include capacity purchase agreements for United and Continental as well as providing clients customized 50-seat charter options; and supplying third-party aviation and ground handling services.  For more information, visit www.expressjet.com.

About SkyWest

Atlantic Southeast, based in Atlanta, Georgia, and SkyWest Airlines, Inc., ("SkyWest Airlines") based in St. George, Utah, are wholly-owned subsidiaries of SkyWest. Atlantic Southeast operates as a Delta Connection carrier under a contractual agreement with Delta Air Lines ("Delta") and as a United Express carrier under a contractual agreement with United Air Lines ("United"). SkyWest Airlines operates as United Express and Delta Connection carriers under contractual agreements with United and Delta, respectively.

SkyWest Airlines also has a marketing agreement with AirTran Airways, Inc. System-wide, SkyWest currently serves a total of approximately 225 cities in the United States, Canada, Mexico and the Caribbean, with approximately 2,800 daily departures. This press release and additional information regarding SkyWest can be accessed at www.skywest.com.

Important Information for Investors and Stockholders

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. The transaction will be submitted to the stockholders of ExpressJet Holdings, Inc. ("XJT") for their approval.

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