Mitsubishi Aircraft Corporation and SkyWest, Inc. have reached agreement in principle for SkyWest to place a firm order for 100 Mitsubishi Regional Jets.
SkyWest, Inc., which is the holding company for the two regional carriers which conduct the world’s largest combined regional-airline operations, says the agreement lays the foundation for a business relationship leading to Mitsubishi Aircraft’s delivery of MRJs to SkyWest starting in 2017.
The companies – along with Pratt & Whitney, which makes the PurePower PW1200G geared-turbofan engine which is the sole propulsion choice for the two-version Mitsubishi Regional Jet (MRJ) family – announced the deal on July 11, at the Farnborough International Airshow 2012. If firmed, the order would be valued at $4.2 billion at list price.
The agreement in principle contemplates that Mitsubishi Aircraft would begin delivery of the MRJs during 2017 and all 100 MRJs would be delivered before the end of 2020. SkyWest reportedly has specified that all 100 aircraft order be of the 90-seat MRJ90 version.
Nor has SkyWest indicated if the MRJs would go to airline subsidiary SkyWest Airlines or operating subsidiary ExpressJet Airlines, or both carriers.
“SkyWest remains committed to providing innovative leadership within the regional airline industry,” says Bradford Rich, president of SkyWest, Inc. “This agreement is the product of a cooperative partnership that we are confident will create long-term value for both parties. We look forward to the continued development of a long-term relationship with Mitsubishi Aircraft.”
“Mitsubishi Aircraft is absolutely delighted to be expanding its presence in the [regional aircraft] market with an outstanding customer such as SkyWest,” says Hideo Egawa, president, of Mitsubishi Aircraft.
SkyWest, Inc. and Mitsubishi Aircraft Corporation say they intend to continue their efforts to transform the agreement in principle into a definitive contract in the coming weeks.
MRJ has received orders and commitments for 130 aircraft so far, including 25 (15 firm, 10 option) from Japan’s All Nippon Airways; 100 (50 firm, 50 option) from U.S. regional-airline holding company Trans States Holdings; and five (all firm) from ANI Group Holdings.
The SkyWest agreement in principle, if developed into a binding purchase order, would increase the number of orders and commitments for the MRJ to 230 aircraft.
Mitsubishi Aircraft Corporation began operations on April 1, 2008 to conduct the design, type certification, procurement, sales, marketing and customer support of the Mitsubishi Regional Jet (MRJ).
The MRJ is a family of 70-to-90-seat next-generation aircraft (to date, the 70-seat MRJ70 and the 90-seat MRJ90) featuring state-of-the-art aerodynamics and Pratt & Whitney’s PurePower PW1200G engine to reduce fuel consumption, noise, and emissions drastically, while offering operational benefits, an outstanding cabin and large overhead bins designed for heightened passenger flying comfort.
Mitsubishi Aircraft Corporation is capitalized at 100 billion yen, with financing furnished by, among others, Mitsubishi Heavy Industries, Ltd., Toyota Motor Corporation, Mitsubishi Corporation, Sumitomo Corporation and Mitsui & Co., Ltd.
SkyWest, Inc. is the holding company for two scheduled passenger airline operations and an aircraft leasing company and is headquartered in St. George, Utah.
The company’s scheduled passenger airline operations consist of SkyWest Airlines, also based in St. George, Utah; and ExpressJet Airlines, based in Atlanta, Georgia.
SkyWest Airlines operates as United Express and Delta Connection carriers under contractual agreements with United Airlines and Delta Air Lines. SkyWest Airlines also operates as US Airways Express under a contractual agreement with US Airways and operates flights for Alaska Airlines under a contractual agreement.
ExpressJet Airlines operates as United Express and Delta Connection carriers under contractual agreements with United and Delta.
Systemwide, SkyWest, Inc. serves markets in the United States, Canada, Mexico and the Caribbean, with approximately 4,200 daily departures and a fleet of approximately 725 regional aircraft.
The PurePower Pw1200G is a member of the Pratt & Whitney PurePower PW1000G family of geared-turbofan engines. The engine family has also been chosen to power the Airbus A320neo family; the Bombardier CSeries family; and the Irkut MS-21.