SkyWest, Inc. () is the

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

for SkyWest Airlines, a North American regional airline, and an aircraft leasing company and is headquartered in

St. George, Utah St. George is a city in and the county seat of Washington County, Utah, United States. Located in southwestern Utah on the Arizona border, it is the principal city of the St. George Metropolitan Statistical Area (MSA). The city lies in the northe ...

, United States.

History

Until 2005, SkyWest, Inc. was the holding company of SkyWest Airlines, its sole subsidiary at the time. This changed on August 15, 2005, when SkyWest, Inc. agreed to acquire Atlantic Southeast Airlines (ASA) from

Delta Delta commonly refers to: * Delta (letter) (Δ or δ), a letter of the Greek alphabet * River delta, at a river mouth * D ( NATO phonetic alphabet: "Delta") * Delta Air Lines, US * Delta variant of SARS-CoV-2 that causes COVID-19 Delta may also ...

amidst Delta's bankruptcy proceedings for $425 million. The bankruptcy judge approved the all-cash transaction, which helped Delta improve its liquidity; the deal closed on September 8, 2005. SkyWest Airlines and ASA have maintained separate hub feeder operations at their respective hubs. The FAA classifies SkyWest, Inc. as a major airline carrier with operating revenues of USD 3.5 billion. On August 4, 2010, the parent company, SkyWest, Inc., announced that its subsidiary ASA would acquire

ExpressJet Airlines ExpressJet Airlines was a regional U.S. airline headquartered in College Park, Georgia. The company originally operated as a contracted codeshare partner, flying under the American Eagle, Delta Connection and United Express brands at var ...

, whose feeder network is built up in the East Coast, the South and Midwest The merger closed on November 12, 2010, and ASA and ExpressJet integrated their operations, and was granted a single operating certificate on December 31, 2011. The combined airline rebranded as ExpressJet. On July 11, 2012, SkyWest, Inc. signed an agreement with

Mitsubishi Aircraft Corporation , abbreviated MITAC, is a Japanese company that develops, produces, sells and supports the Mitsubishi SpaceJet (formerly MRJ) passenger airliners. The manufacturing of the aircraft is carried out by parent company Mitsubishi Heavy Industries (MHI ...

to purchase 100

Mitsubishi Regional Jet The Mitsubishi SpaceJet (, originally named ''Mitsubishi Regional Jet'') is a regional jet developed by Japanese company Mitsubishi Aircraft Corporation (MAC), a Mitsubishi Heavy Industries (MHI) subsidiary. The airframe is made mainly in alumi ...

s with an option for up to 100 more. On May 21, 2013, SkyWest, Inc. came to an agreement with Embraer to purchase 100 E-175 Regional Jets, with an option for up to 100 more. Deliveries began in April 2014. The first 40 aircraft will be flown by SkyWest, Inc.'s wholly owned subsidiary, SkyWest Airlines, under a 12-year capacity purchase agreement with United Airlines in a 76-seat, dual class configuration. On December 18, 2018, SkyWest, Inc. announced that it would sell ExpressJet Airlines to ManaAir, LLC, another airline holding company with ties to United Airlines, ExpressJet's sole client. The 70 million dollar deal closed on January 23, 2019.

Controversy

On November 20, 2002, SkyWest, Inc. announced it had adjusted its reports as its independent auditors, KPMG LLP (KPMG), had determined that certain revenue and expenses may have been inaccurately allocated among interim and fiscal year periods.

References

External links

*
SkyWest homepageExpressJet homepage
{{authority control Airline holding companies of the United States Aircraft leasing companies Companies based in Utah 2005 establishments in Utah Companies listed on the Nasdaq