SkyWest, Inc., the holding company for two regional carriers which together represent the world’s largest regional-airline operation, has finalized an order for 100 Mitsubishi MRJ90s and optioned up to 100 more.
The deal represents the largest and most prestigious order yet for the Mitsubishi Regional Jet family, coming as it does from the world’s largest regional airline holding company.
According to Mitsubishi Aircraft Corporation, the SkyWest purchase agreement sets forth respective rights and obligations that enable the Japanese manufacturer and SkyWest mutually to position themselves for opportunities in the US regional airline industry.
The companies expect Mitsubishi MRJ deliveries to SkyWest to begin in 2017, and deliveries of optioned aircraft (if SkyWest firms any of its options into orders) in 2021.
Based on the MRJ90 list price, Mitsubishi Aircraft values SkyWest’s order for 100 aircraft at $4.2 billion, and the optioned aircraft at another $4.2 billion.
“Without a doubt, this is a major order and significant boost for the MRJ program,” says Hideo Egawa, president of Mitsubishi Aircraft. “Mitsubishi Aircraft continues to work hard to deliver our next-generation aircraft to our valued customers around the world.”
“SkyWest believes the MRJ, with its significant advancements in fuel economy, passenger comfort, and environmental friendliness, will be a valued addition to our fleet,” says Bradford Rich, president of SkyWest, Inc.
Mitsubishi Aircraft Corporation opened for business on April 1, 2008 to develop, manufacture and sell the Mitsubishi Regional Jet (MRJ).
The MRJ is a family of 70-to-90-seat regional jets featuring state-of-the-art aerodynamics and Pratt & Whitney’s new PurePower PW1200G geared turbofan engine, while offering a comfortable passenger cabin and large overhead bins.
Capitalized at 100 billion yen ($1.2 billion), Mitsubishi Aircraft Corporation is financed by Mitsubishi Heavy Industries, Ltd., Toyota Motor Corporation, Mitsubishi Corporation, Sumitomo Corporation and Mitsui & Co., Ltd., among others.
The holding company for two large regional airlines and an aircraft leasing company, SkyWest, Inc.is headquartered in St. George, Utah. SkyWest’s scheduled airline operations are provided by SkyWest Airlines, also based in St. George, Utah; and ExpressJet Airlines, based in Atlanta, Georgia.
SkyWest Airlines operates United Express, Delta Connection, and American Eagle franchises, as well as US Airways Express services and flights for Alaska Airlines under a contractual agreement.
ExpressJet Airlines operates United Express, Delta Connection, and American Eagle franchises.
Systemwide, SkyWest, Inc. serves markets in the United States, Canada, Mexico and the Caribbean with approximately 4,000 daily departures and a fleet of 739 regional airliners.