“We regret that a combination of market and economic conditions lead us to take this action,” the company wrote.
After acquiring the company from SkyWest Airlines in 2018, United Airlines decided in 2020 to end its flights with the airline amidst pandemic cutbacks. ExpressJet then shut down for around a year before relaunching as Aha!, but the reboot struggled to deal with rising costs and changing travel habits. United finally sold its 49.9% stake in ExpressJet parent company ManaAir in June.
Over the past six months, ExpressJet has been flying as low-cost Aha! Airlines out of Reno-Tahoe International Airport to 11 cities across the western United States, as well as ad-hoc charter services.
The company pointed to stifled growth, rising costs and lower revenue due to the pandemic as the reasons that led to bankruptcy, according to a press release Tuesday.
