SkyWest Airlines 2014 Annual Report Download - page 19

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ExpressJet United CRJ Agreement
ExpressJet and United are parties to the ExpressJet United CRJ Agreement dated February 10,
2010. As of December 31, 2014, ExpressJet operated seven CRJ200s under the United Express CRJ
Agreement. The ExpressJet United CRJ Agreement terminates in March 2015.
SkyWest Airlines American Agreement
On September 11, 2012, SkyWest Airlines and American entered into the SkyWest Airlines
American Agreement. The SkyWest Airlines American Agreement is scheduled to terminate in 2016
and is subject to early termination in various circumstances including:
• if SkyWest Airlines or American fails to fulfill an obligation under the SkyWest Airlines
American Agreement for a period of 30 days after written notice to cure;
• if SkyWest Airlines’ operations fall below certain performance levels;
• subject to limitations imposed by the U.S. Bankruptcy Code, if the other party makes a general
assignment for the benefit of creditors or becomes insolvent; or
• if bankruptcy proceedings are commenced against the other party (subject to limitations imposed
by the U.S. Bankruptcy Code) and certain specified conditions are not satisfied.
ExpressJet American Agreement
On September 11, 2012, ExpressJet and American entered into the ExpressJet American
Agreement. The ExpressJet American Agreement is scheduled to terminate in 2017. The ExpressJet
American Agreement is subject to early termination in various circumstances including:
• if ExpressJet or American fails to fulfill an obligation under the ExpressJet American
Agreement for a period of 30 days after written notice to cure;
• if ExpressJet’s operations fall below certain performance levels;
• subject to limitations imposed by the U.S. Bankruptcy Code, if the other party makes a general
assignment for the benefit of creditors or becomes insolvent; or
• if bankruptcy proceedings are commenced against the other party (subject to limitations imposed
by the U.S. Bankruptcy Code) and certain specified conditions are not satisfied.
SkyWest Airlines Alaska Agreement
On April 13, 2011, SkyWest Airlines and Alaska entered into the SkyWest Airlines Alaska Capacity
Purchase Agreement. The SkyWest Airlines Alaska Capacity Purchase Agreement is scheduled to
terminate in 2018. In November 2014, SkyWest and Alaska reached an agreement under a 12-year
fixed-fee arrangement for SkyWest to operate seven new E175 aircraft for Alaska, beginning in
mid-2015. The SkyWest Airlines Alaska Capacity Purchase Agreement is subject to early termination in
various circumstances including:
• if SkyWest Airlines or Alaska fails to fulfill an obligation under the SkyWest Airlines Alaska
Capacity Purchase Agreement for a period of 30 days after written notice to cure;
• if SkyWest Airlines’ operations fall below certain performance levels;
• subject to limitations imposed by the U.S. Bankruptcy Code, if the other party makes a general
assignment for the benefit of creditors or becomes insolvent; or
• if bankruptcy proceedings are commenced against the other party (subject to limitations imposed
by the U.S. Bankruptcy Code) and certain specified conditions are not satisfied.
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