ST. GEORGE, Utah, May 21, 2013 /PRNewswire/ -- SkyWest, Inc. ("SkyWest") (NASD:SKYW) announced today that it has entered into a Capacity Purchase Agreement ("CPA") with United Airlines, Inc. ("United") to operate 40 new Embraer E175 dual-class regional jet aircraft. SkyWest also announced today, in a separate release, an agreement with Embraer regarding the acquisition of these aircraft. The CPA with United has a term of 12 years and SkyWest will operate under terms and conditions similar to its existing agreements with United.
SkyWest has determined that these 40 regional jet aircraft will be operated by SkyWest Airlines, Inc. ("SkyWest Airlines"), a wholly-owned subsidiary of SkyWest. Under the agreement, it is anticipated that the 40 aircraft will be introduced into service in the second quarter of 2014, with deliveries continuing to mid-2015. The aircraft will be configured with 76-seats in dual-class.
"We are very pleased with this opportunity to expand our partnership with United and to be flying the new E175 regional jet aircraft in United's behalf," said Bradford R. Rich, SkyWest President. He continued," in this very competitive business of operating regional jet aircraft, we are appreciative to have been given the opportunity and we are committed to providing an outstanding level of service to United and the customers we serve."
SkyWest is the holding company for two scheduled passenger airline operations and an aircraft leasing company and is headquartered in St. George, Utah. SkyWest's scheduled passenger airline operations consist of SkyWest Airlines also based in St. George, Utah and ExpressJet Airlines, Inc. ("ExpressJet Airlines") based in Atlanta, Georgia. SkyWest Airlines operates as United Express, US Airways Express, Delta Connection and American Eagle carriers under contractual agreements with United, Delta Air Lines, Inc. ("Delta"), US Airways, Inc. ("US Airways") and American Airlines, Inc. ("American"). SkyWest Airlines also operates flights for Alaska Airlines under a contractual agreement. ExpressJet Airlines operates as United Express, Delta Connection and American Eagle under contractual agreements with United, Delta and American. System-wide, SkyWest serves markets in the United States, Canada, Mexico and the Caribbean with approximately 4,100 daily departures and a fleet of approximately 760 regional aircraft. This press release and additional information regarding SkyWest can be accessed at www.skywest.com
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