SkyWest, Inc. makes proposal to acquire ExpressJet Holdings, Inc.

ExpressJet's primary operating entity is ExpressJet Airlines, Inc. ("ExpressJet Airlines"). The definitive merger agreement has been unanimously approved by the SkyWest and ExpressJet boards of directors. The transaction is not subject to financing conditions, but is subject to receipt of certain regulatory approvals, approval of ExpressJet stockholders and other customary conditions. The parties currently anticipate that the transaction will close during the fourth quarter of 2010.

Atlantic Southeast has negotiated the principal terms of a new, long-term, capacity purchase agreement with Continental Airlines, Inc. ("Continental"), which is intended to become effective upon consummation of the ExpressJet merger. Upon completion of the merger, ExpressJet will become a wholly-owned subsidiary of Atlantic Southeast, with the intention of combining the operations of ExpressJet Airlines and Atlantic Southeast, subject to receipt of necessary regulatory approvals, and utilizing Atlantic Southeast's existing facilities in Atlanta, Georgia as the operating headquarters of the combined company. The parties anticipate that both airlines will continue to operate under separate airline operating certificates until the regulatory process can be completed for combining the airlines under a single operating certificate. Pending receipt of that single operating certificate, Atlantic Southeast intends to transition certain existing ExpressJet support functions to Atlantic Southeast and SkyWest upon consummation of the transaction. Atlantic Southeast and SkyWest believe that ExpressJet employees and passengers will benefit from the merger by building greater efficiencies of scale and capitalizing on growth opportunities.

"We are extremely pleased to reach this definitive merger agreement with ExpressJet and look forward to the consummation of the transaction," said Bradford R. Rich, SkyWest, Inc.'s Executive Vice President and Chief Financial Officer. "We also look forward to the integration of these two successful airlines and employee work groups and hope to create integration benefits that will solidify the long-term future of each of these airlines in a very competitive industry," he continued.

SkyWest utilized Raymond James & Associates as investment bankers and the services of Parr Brown Gee and Loveless as its legal advisors.

CONFERENCE CALL

In connection with its previously-announced conference call to discuss its second quarter financial and operating results, scheduled for today, August 4, 2010 at 11:00 a.m. Eastern time, SkyWest will also discuss the principal terms of the ExpressJet merger agreement and respond to questions from call participants.

The call-in number for domestic callers is 1-866-524-3160

The call-in number for international callers is 1-412-317-6760

The call-in number for Canada callers is 1-866-605-3852

The conference ID # is 442655

Please call ten minutes before the scheduled hour to insure a prompt starting time. If you have any questions, please contact Tevya Hilsmann at (435) 634-3203.

Interested parties can also access the webcast and a slide presentation via PR Newswire at:

http://www.videoneswire.com/event.asp?id =70788

In addition, a digital rebroadcast of the conference call will be available after 12:30 p.m. Eastern time on August 4, 2010 through 9:00 a.m. Eastern time, on August 18, 2010. Domestic callers can access the rebroadcast by dialing 1-877-344-7529; international callers can access the rebroadcast by dialing 1-412-317-0088. The conference ID for the rebroadcast is 442655. Your participation is welcomed and appreciated.