SkyWest announces fleet transitions

SkyWest has announced additional fleet transitions and contract updates designed to reduce its long-term fleet risk. SkyWest’s ExpressJet operation will remove its CRJ200 aircraft from service over the next year. ExpressJet and American Airlines have agreed to place 12 dual-class CRJ700s, which had been scheduled to be removed from service, will not be put into service under a multiyear term. SkyWest and Bombardier have entered into a termination agreement covering Bombardier’s residual value guarantee agreements on 76 CRJ200 aircraft owned by SkyWest Airlines and ExpressJet. Bombardier agreed to pay SkyWest $90 million by January 2017 along with certain other consideration