People Express said it will acquire Britt Airways.

People Express Inc. described the Terre Haute, Ind.-based Britt as one of the largest regional commuter carriers in the country with “an excellent record of consistent profitability over the past 17 years since it was founded.” Privately owned, Britt serves 29 Midwestern cities with operations at Chicago’s O’Hare International Airport and Lambert International Airport in St. Louis. It is the second airline acquisition by the Newark, N.J.-based discount carrier in the past three months. The People Express statement did not reveal the purchase price and said the acquisition still faces government regulatory approvals.