December 13, 2016 / 9:19 PM / 7 months ago

BRIEF-SkyWest announces additional fleet transitions & Bombardier Agreement

1 Min Read

Dec 13 (Reuters) - Skywest Inc

* Skywest, Inc. announces additional fleet transitions, Bombardier agreement and anticipated 50-seat aircraft non-cash impairment charge

* Skywest-Anticipates to record non-cash impairment charge in Q4 estimated to be in range of $440-$490 million on CRJ200 aircraft,other 50-seat aircraft assets

* Skywest - Expects to transition to flying primarily dual-class aircraft in CRJ operation by removing its CRJ200 aircraft from service over next year

* Skywest Inc- Skywest is evaluating its total 50-seat CRJ200 fleet and related long-lived assets for impairment in Q4 2016

* Skywest Inc - Bombardier agreed to pay skywest $90 million by January 2017 along with certain other consideration in exchange for release

* Skywest-Co,Bombardier entered into termination deal covering Bombardier's residual value guarantee deals on 76 CRJ200 aircraft owned by Skywest Airlines,Expressjet Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below