Gregory Polek has spent his entire career in aviation journalism with AIN, starting as a proofreader and assistant to then-managing editor Mary Mahoney in 1995 after serving an internship with&nbsp;New Jersey Monthly&nbsp;magazine and completing his B.A. degree in English/Writing at New Jersey’s William Paterson College. By 1997 Polek accepted a position as an associate editor, covering the regional airline beat for&nbsp;Aviation International News&nbsp;in place of retiring industry veteran Don Anderson. The assignment took Polek across North America and Europe to profile regional airlines varying in size and mission from the likes of floatplane operators Kenmore Air and Chalk’s Ocean Airways to regional jet operators such as SkyWest and American Eagle. Today, in his dual role as Air Transport Editor and International Airshow Editor, Polek writes, edits, and manages AIN’s commercial aviation content while overseeing each of the company’s daily international air show publications in Paris, Farnborough, Singapore, and Dubai. Most recently Polek has assumed oversight of daily coverage of the Helicopter Association International’s annual Heli-Expo convention.

Senior Editor

Gregory Polek

Houston-based regional airline ExpressJet said today that a committee composed of independent outside members of its board of directors has unanimously rejected a proposal from St. George, Utah-based SkyWest to acquire the company for $3.50 per share in cash.
Formed specifically to evaluate the SkyWest proposal, the committee has started reviewing other alternatives, including entering talks with SkyWest and other potentially interested parties to evaluate a merger at a higher price. It also plans to review the possibility of a new capacity purchase agreement with Continental Airlines, ExpressJet’s main code-share partner. &nbsp; ExpressJet said the committee’s decision to reject the offer hinged on several factors, including its belief that the $3.50 proposal doesn’t reflect the fair value of the company’s stock. It also said it believes that although a merger would produce meaningful “synergies,” it would not deliver synergistic value to ExpressJet’s shareholders. 
At today’s opening of the New York Stock Exchange, ExpressJet shares traded at $2.70. “The ExpressJet Board and management are committed to taking all appropriate and necessary actions to enhance value for ExpressJet stockholders,” said Pat Kelly, chairman of the special committee. “As the special committee reviews the strategic alternatives available to the company, we have a solid management team and employees dedicated to providing our customers with exceptional service and conducting business as usual.”
The company said it does not intend to disclose developments relating to the committee’s review unless it approves a specific agreement or transaction.

ExpressJet Rejects SkyWest Takeover

Houston-based regional airline ExpressJet said today that a committee composed of independent outside members of its board of directors has unanimously rej

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