History
SkyWest, Inc. became the parent company of SkyWest Airlines to facilitate the transfer of the sale of Delta Air Lines' subsidiary, Atlantic Southeast Airlines (ASA), to SkyWest, Inc.
On Monday, August 15, 2005, Delta announced that it was selling ASA to the newly incorporated SkyWest, Inc. for $425 million in cash, and on Thursday, September 8, 2005, SkyWest, Inc. announced that the acquisition had been completed.
SkyWest Airlines and ASA, even though merged into one holding company maintain separate operations.
SkyWest, Inc. in terms of revenue would be considered a major airline carrier as it has over $1 Billion annual revenue earnings.
On August 4, 2010 the parent company, SkyWest, Inc., announced that ASA would be attaining ExpressJet Airlines, and the two companies would be merged.
The merger was closed on November 12, 2010.
ASA and ExpressJet received a single operating certificate on December 31, 2011. ExpressJet is the name of the new regional airline.
On July 11, 2012, SkyWest, Inc. came to an agreement with Mitsubishi Aircraft Corporation to purchase 100 Mitsubishi Regional Jets. Deliveries are slated to begin in 2017. This order may be spilt between SkyWest, Inc's. two subsidiaries, SkyWest Airlines and ExpressJet, or possibly leased to other carriiers.
Read more about this topic: Sky West, Inc.
Famous quotes containing the word history:
“In every election in American history both parties have their clichés. The party that has the clichés that ring true wins.”
—Newt Gingrich (b. 1943)
“We don’t know when our name came into being or how some distant ancestor acquired it. We don’t understand our name at all, we don’t know its history and yet we bear it with exalted fidelity, we merge with it, we like it, we are ridiculously proud of it as if we had thought it up ourselves in a moment of brilliant inspiration.”
—Milan Kundera (b. 1929)
“Regarding History as the slaughter-bench at which the happiness of peoples, the wisdom of States, and the virtue of individuals have been victimized—the question involuntarily arises—to what principle, to what final aim these enormous sacrifices have been offered.”
—Georg Wilhelm Friedrich Hegel (1770–1831)