Benzinga | May 12, 2021 02:01PM EDT

SkyWest Reports Deal With Alaska Air To Buy, Operate 8 E175 Aircraft Under 12-Year Capacity Purchase Deal, No Terms Disclosed

SkyWest, Inc. (NASDAQ:SKYW) ("SkyWest") today announced an agreement with Alaska Airlines ("Alaska") to purchase and operate eight E175 aircraft under a 12-year capacity purchase agreement. These aircraft are scheduled to be placed into service beginning in the first half of 2022, bringing SkyWest's total fleet operating under its Alaska agreement to 40 once complete. The aircraft will be purchased by SkyWest from Embraer and delivered new from the factory. SkyWest continues to be the largest owner/operator of the Embraer E175 aircraft in the world.

Commenting on the agreement, Chip Childs, President and CEO of SkyWest, said, "The E175 is a great aircraft for customers and has helped provide vital service throughout the pandemic. As we mark 10 years of partnership with Alaska Airlines, we are pleased to add these new E175s as we help lead the recovery and continue strengthening our Alaska partnership."