SkyWest concludes definitive agreement for 100 Mitsubishi Regional Jets (MRJ)

Mitsubishi Aircraft Corporation and SkyWest reported 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 $4.2bn, with an additional $4.2bn related to the executable 100 options.