Profile: ExpressJet Holdings, Inc. (XJT)

ExpressJet Holdings, Inc. (Holdings), incorporated in August 1996, is engaged in the business of transporting people. The Company’s principal asset is XJT Holdings, Inc., the sole stockholder of ExpressJet Airlines, Inc. ((Airlines) and together with Holdings is referred as ExpressJet). Airlines operates a fleet of 244 aircraft. As of December 31, 2008, ExpressJet provides services, which include 214 aircraft for Continental as Continental Express pursuant to the Continental capacity purchase agreement (CPA); 30 aircraft operating in its Corporate Aviation division, which is dedicated to charter contracts and ad-hoc charter service. The Company also provides aviation services, such as ground-handling at airport locations across the United States, as well as aircraft repair, overhaul, interior refurbishments and paint, through its three wholly owned subsidiaries, which include ExpressJet Services, LLC (ExpressJet Services), American Composites, LLC (American Composites) and InTech Aerospace Services, LP (InTech) and its majority owned subsidiary, Saltillo Jet Center (Saltillo).

For the year ended December 31, 2008, ExpressJet had three segments, which are the basis of its internal financial reporting: Contract Flying, Branded Flying and Aviation Services. Contract Flying includes its Corporate Aviation (charter) division and its capacity purchase agreements with Continental and Delta. Branded Flying includes operations under the ExpressJet brand and the Delta Prorate. Revenues for this flying were derived from passengers flying on scheduled air service. Aviation Services includes its ground-handling services pursuant to contracts with Continental and other airlines at airport locations across the United States, as well as those performed by Services. These entities provide composite, sheet metal, paint, interior (including seat refurbishment) and thrust reverser repairs throughout its five facilities in the United States and Mexico.

As of December 31, 2008, the Company averaged over 950 daily Contract Flying flights, offering passenger service to over 130 scheduled destinations in North America, including Mexico, as well as the Caribbean. During 2008, the Company averaged just under 250 daily departures by offering scheduled passenger service to over 30 destinations in North America with its ExpressJet brand and Delta Prorate operations. The Company operates a fleet of 244 aircraft, which includes Embraer ERJ-145 and ERJ-145XR aircraft. The Continental CPA provides for the continued lease or sublease of its 244 Embraer regional jets.

The Company competes with Chautauqua Airlines, Mesa Airlines, Mesaba Airlines, Pinnacle Airlines, Republic Airways, SkyWest Airlines, American Eagle, Comair, Compass, Horizon Airlines, SkyWest, Air Wisconsin, American Eagle, Pinnacle, Delta Global Services, PrimeFlight, Servisair, Aircraft Service International and Worldwide Flight Services.