ExpressJet buys $1.84 million in 11.25% convertible notes due 2023 during first quarter

By Devika Patel

Knoxville, Tenn., May 6 - ExpressJet Holdings, Inc. spent about $4 million under its previously announced securities repurchase program to buy back 2.6 million shares and $1.84 million of its 11.25% secured convertible notes due 2023 during the first quarter, according to a company earnings report.

There are approximately $6.1 million of securities remaining in the program after the repurchases. The company expects to make future purchases of the notes or stock from time to time in the open market or in privately negotiated transactions.

Houston-based ExpressJet operates as a regional airline under the name Continental Express.

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