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SkyWest Announces New Flying Agreement for 8 Additional E175 Aircraft with Alaska Airlines
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SÃO JOSÉ DOS CAMPOS, Brazil, May 12, 2021 /PRNewswire/ Embraer (NYSE: ERJ; B3: EMBR3) has agreed to the sale of eight new E175 jets to SkyWest, Inc. (NASDAQ: SKYW) for operation with Alaska Airlines, adding to the 32 SkyWest E175 jets SkyWest already flies for Alaska. The E175 aircraft will fly exclusively with Alaska Airlines under a Capacity Purchase Agreement (CPA). The value of the contract, which will be included in Embraer s second-quarter backlog, is USD 399.2 million, based on list price.
Alaska Airlines, a new member of the oneworld Alliance, currently has 62 Embraer E175 jets in their fleet, operated by Horizon Air and SkyWest Airlines. The 76-seat aircraft will be delivered in Alaska s livery and three-class configuration, starting in 2022.
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Skywest Inc (NASDAQ: SKYW)
Hello, and welcome to the SkyWest, Inc. First Quarter 2021 Earnings Call. [Operator Instructions]
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