M&A Deal Summary

ManaAir Acquires ExpressJet Airlines

On December 18, 2018, ManaAir acquired airliner ExpressJet Airlines from SkyWest for 70M USD

Acquisition Highlights
  • This is ManaAir’s 1st transaction in the Airlines sector.
  • This is ManaAir’s largest (disclosed) transaction.
  • This is ManaAir’s 1st transaction in the United States.
  • This is ManaAir’s 1st transaction in Texas.

M&A Deal Summary

Date 2018-12-18
Target ExpressJet Airlines
Sector Airlines
Buyer(s) ManaAir
Sellers(s) SkyWest
Deal Type Divestiture
Deal Value 70M USD

Target

ExpressJet Airlines

Houston, Texas, United States
ExpressJet Airlines, Inc. is a regional air carrier which serves more than 130 scheduled destinations in North America and the Caribbean with approximately 1,200 departures per day. ExpressJet Airlines was founded in 1996 and is based in Houstion, Texas.

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Buyer(S) 1

Buyer

ManaAir

Houston, Texas, United States

Category Company
Sector Airlines
DESCRIPTION

ManaAir LLC is a provider of airline services. ManaAir is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Airlines) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

SkyWest

St. George, Utah, United States

Category Company
Founded 1972
Sector Airlines
Employees11,470
Revenue 2.9B USD (2023)
DESCRIPTION

SkyWest is an air service provider. SkyWest partners with network carriers including United Airlines, Delta Air Lines, US Airways, American Airlines and Alaska Airlines. SkyWest was founded in 1972 and is based in St. George, Utah.


DEAL STATS #
Overall 1 of 1
Sector (Airlines) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-04 ExpressJet Airlines

Houston, Texas, United States

ExpressJet Airlines, Inc. is a regional air carrier which serves more than 130 scheduled destinations in North America and the Caribbean with approximately 1,200 departures per day. ExpressJet Airlines was founded in 1996 and is based in Houstion, Texas.

Buy $133M