SkyWest signs capacity purchase agreement with American Airlines

SkyWest has signed a Capacity Purchase Agreement (“CPA”) with American Airlines to operate 23 Bombardier CRJ200 regional jet aircraft under the American Eagle designation. SkyWest currently anticipates that it will commence its American flights on November 15, 2012, with all 23 aircraft being placed in service prior to end of the first quarter 2013. SkyWest intends to source the aircraft from its existing fleet where they have previously been operated in behalf of another major partner and anticipates that 12 of the aircraft will be flown by SkyWest Airlines and 11 aircraft will be flown by ExpressJet Airlines. SkyWest also anticipates that the American aircraft will be primarily operated out of Los Angeles International Airport and Dallas/Fort Worth International Airport. The CPA, which has a term of four years, provides for SkyWest, through its operating airlines SkyWest Airlines and ExpressJet Airlines, to be compensated in similar fashion to existing capacity purchase agreements with SkyWest’s other major partners.