ExpressJet Friday signed a new seven-year capacity purchase agreement with Continental Airlines that CO said included lower rates comparable to those charged by other regional providers. Under the new contract, which will take effect July 1, ExpressJet will operate a minimum of 205 aircraft for CO the first year and a minimum of 190 in following years. The deal enables the regional to swap out some of its 37-seat jets for larger 50-seat RJs to be operated under the CO agreement. The new ...

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