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HOUSTON, March 1 /PRNewswire-FirstCall/ -- ExpressJet Holdings, Inc. (NYSE: XJT - News) today announced that its subsidiary, ExpressJet Airlines, Inc., signed a two-year capacity purchase agreement with Delta Air Lines, Inc. The deal will cover 10 ERJ-145XR aircraft that will be placed into service during June 2007. Delta will be responsible for scheduling, marketing, pricing and revenue management on the aircraft and will collect all passenger revenues. ExpressJet will operate, maintain and finance the aircraft.
ExpressJet will receive a base rate for each completed block hour and departure and be reimbursed for certain pass-through costs. ExpressJet will have the ability to earn incentives for exceeding completion benchmarks and maintaining high Department of Transportation rankings for arrivals within 14 minutes and customer satisfaction.
"We are pleased to have ExpressJet join the Delta Connection Program," said Shawn Anderson, Delta's vice president in charge of the Delta Connection program. "We decided to partner with them because of their strong operating performance and the capabilities of their ERJ-145XR fleet that will enable Delta to offer customers more choices to and from the Western ski markets and into Delta's hub in Los Angeles."
ExpressJet will receive a base rate for each completed block hour and departure and be reimbursed for certain pass-through costs. ExpressJet will have the ability to earn incentives for exceeding completion benchmarks and maintaining high Department of Transportation rankings for arrivals within 14 minutes and customer satisfaction.
"We are pleased to have ExpressJet join the Delta Connection Program," said Shawn Anderson, Delta's vice president in charge of the Delta Connection program. "We decided to partner with them because of their strong operating performance and the capabilities of their ERJ-145XR fleet that will enable Delta to offer customers more choices to and from the Western ski markets and into Delta's hub in Los Angeles."
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