PR Newswire
ATLANTA, Aug. 9, 2017
ATLANTA, Aug. 9, 2017 /PRNewswire/ -- ExpressJet Airlines,
a wholly-owned subsidiary of SkyWest, Inc. (NASDAQ: SKYW) today announced the initiation of a clearly defined long-term
strategy.
- Long-term agreement secured with United Airlines. As part of this plan, ExpressJet has secured a new, five-year
extension of its United Airlines ERJ145 contract, effective Jan. 1, 2018 through Dec. 31, 2022. The new agreement enhances ExpressJet's United partnership and provides long-term stability to
its model. It also provides ExpressJet pilots with continued access to United's Career Pathway Program. Financial terms of the
agreement were not disclosed.
- Early termination of Delta CPA. Additionally, ExpressJet and Delta Air Lines mutually agreed to initiate the
wind-down of its remaining dual-class flying agreement under the Delta Connection brand, allowing ExpressJet opportunities to
place aircraft with other partners. The agreement, which includes 28 CRJ900s and 33 CRJ700s, was previously scheduled to expire
beginning in 2019. The aircraft financed by Delta, including all CRJ900s, will be returned to Delta beginning in fourth quarter
2017; ExpressJet expects to transition other aircraft previously operated under its Delta agreement to other major partners
throughout 2018.
- Agreement with American for eight additional CRJ700s. As part of this realignment, ExpressJet has secured an
agreement with American Airlines to transition eight additional CRJ700s to its American Eagle operation. That transition is
expected to take place during second quarter 2018.
"Today's announcement provides structural strength, visibility and positive momentum to ExpressJet Airlines," said
Chip Childs, Chief Executive Officer of SkyWest, Inc. "Our objective to provide a strong and
successful foundation for the people of ExpressJet is central to our strategy. The execution of these new agreements is essential
to finally getting ExpressJet to long-term success and profitability."
About ExpressJet Airlines
Headquartered in Atlanta, ExpressJet is a leading regional airline with 6,100
aviation professionals, an average of 1,077 daily flights and an all-jet fleet of 228 aircraft. ExpressJet operates as American
Eagle, Delta Connection and United Express to serve more than 164 airports in the U.S., Canada,
Caribbean and Mexico.
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SOURCE ExpressJet Airlines