SkyWest Places Firm Order For 100 Aircraft, 100 Options

Mitsubishi Aircraft Corporation and SkyWest, Inc., the holding company for two regional carriers that conducts the world's largest combined regional airline operations, announced that they have executed a definitive agreement for the purchase of 100 MRJ90 aircraft and up to an additional 100 option aircraft.

The agreement sets forth respective rights and obligations that enable Mitsubishi Aircraft and SkyWest to mutually position themselves for opportunities in the US regional airline industry. MRJ deliveries to SkyWest are currently anticipated to commence in 2017, with deliveries of executable option aircraft currently anticipated to commence in 2021. Based on the MRJ90 list price, SkyWest's order for 100 aircraft is valued at US $4.2 billion, with an additional US $4.2 billion related to the executable 100 options.

"I am absolutely delighted to have reached agreement on this important partnership," said Hideo Egawa, President, Mitsubishi Aircraft, "Without a doubt, this is a major order and significant boost for the MRJ program. Mitsubishi Aircraft continues to work hard to deliver our next generation aircraft to our valued customers around the world."

"SkyWest is pleased to have collaboratively reached a definitive agreement with Mitsubishi Aircraft," said Bradford R. Rich, President, SkyWest, Inc. He continued, "SkyWest believes the MRJ, with its significant advancements in fuel economy, passenger comfort, and environmental friendliness, will be a valued addition to our fleet. We are looking forward to strengthening our relationship with Mitsubishi Aircraft."

(Artist's concept image provided by Mitsubishi)

FMI: www.mrj-japan.com, www.skywest.com