ExpressJet allocates $10 million more to buy back shares, convertibles

By Devika Patel

Knoxville, Tenn., Nov. 24 - ExpressJet Holdings Inc. said its board of directors has allotted an additional $10 million toward the company's convertible notes and common stock repurchase program.

The timing of any repurchases under the program will depend on a variety of factors, including market conditions, and may be suspended or discontinued at any time.

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

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