SkyWest (SKYW) Enters CPA with Delta (DAL) Covering 19 Embraer E175 Jets

October 21, 2015 7:44 AM EDT

SkyWest (NASDAQ: SKYW) announced that it has entered into a Capacity Purchase Agreement ("CPA") with Delta Air Lines (NYSE: DAL) to operate 19 new Embraer E175 dual-class regional jet aircraft. SkyWest has determined that these 19 E175 aircraft will be operated by SkyWest Airlines, Inc. a wholly-owned subsidiary of SkyWest. The CPA is under terms and conditions similar to SkyWest's existing Delta agreements.

"SkyWest is a longtime Delta partner, and we're pleased to advance our partnership with an additional aircraft type," said Chip Childs, SkyWest, Inc. President. "As we continue to evolve our fleet mix, we look forward to continuing to deliver what our partners need through solid, reliable service."

The aircraft will be flown in dual-class configuration of 76-seats, and will be equipped with Wi-Fi. Under the agreement, it is anticipated that delivery of the aircraft will begin in August 2016, with all 19 aircraft being delivered by mid-2017.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Management Comments