United Airlines pulled back the curtain and revealed who will run regional carrier ExpressJet Airlines in the wake of the announcement that a new joint venture called ManaAir LLC has acquired ExpressJet from parent St. George, Utah-based SkyWest for $70 million in cash plus assumption of liabilities.
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United has indicated it is a significant minority investor in ManaAir, which said last week it will name Subodh Karnik as president and CEO of ExpressJet Airlines once the acquisition is complete in early 2019, pending financial and government regulatory approvals.
Karnik will join ExpressJet with more than 30 years of airline operations, finance, marketing and planning experience, including senior-level positions at Delta Air Lines (NYSE: DAL), Continental Airlines (which merged with United) and Northwest Airlines (which merged with Delta).
Read the full story on The Atlanta Business Chronicle’s website.