SkyWest Airlines 2012 Annual Report Download - page 34
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$16.8 million. There can be no assurance that we will receive the remaining installments payable to us
by Trip Investimentos.
On September 29, 2010, we invested $7 million to acquire a 30% ownership interest in Mekong
Aviation Joint Stock Company, an airline operating in Vietnam (‘‘Air Mekong’’). During 2011, we
invested an additional $3 million in Air Mekong. We had an investment balance of $1.7 million in Air
Mekong as of December 31, 2012. Our investment in Air Mekong is recorded as an ‘‘Other Asset’’ on
our consolidated balance sheet. There is no assurance that Air Mekong will ultimately succeed in its
business plan. In addition, we sublease four CRJ900s to Air Mekong. In the event Air Mekong incurs
operating losses or files for bankruptcy, our investment may have little or no value and our financial
results and condition would be negatively impacted. In addition, we may not be able to sublease or
operate the four CRJ900s.
Our business could be harmed if we lose the services of our key personnel.
Our business depends upon the efforts of our chief executive officer, Jerry C. Atkin, and our other
key management and operating personnel. We may have difficulty replacing management or other key
personnel who cease to be employed by us and, therefore, the loss of the services of any of these
individuals could harm our business. We do not maintain key-man insurance on any of our executive
officers.
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