SkyWest Airlines 2014 Annual Report Download - page 81
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SKYWEST, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
DECEMBER 31, 2014
(1) Nature of Operations and Summary of Significant Accounting Policies (Continued)
Number of Pass-through costs Performance
aircraft under Term / Termination or costs paid directly Incentive
Agreement contract Dates by major partner Structure Payment Structure
ExpressJet Delta • CRJ 200—59 • The contract • Fuel • Performance based • Rate per block
Connection • CRJ 700—41 expires on an financial incentives hour, per departure
• Engine
Agreement • CRJ 900—28 individual aircraft and per aircraft
Maintenance
(fixed-fee basis with under contract
arrangement) expirations • Landing fees,
scheduled in 2015 Station Rents,
Deice Insurance
• The final aircraft
expires in 2022
• The average
remaining term of
the aircraft under
contract is 4.1 years
• Upon expiration,
aircraft may be
renewed or
extended
SkyWest Airlines • EMB 120—6 • Terminates with • None • None • Pro-rata sharing of
Pro-rate Agreement • CRJ 200—10 30-day notice the passenger fare
(revenue-sharing revenue
agreement)
United Express Agreements
Number of Pass-through costs Performance
aircraft under Term / Termination or costs paid directly Incentive
Agreement contract Dates by major partner Structure Payment Structure
SkyWest Airlines • CRJ 200—61 • The contract • Fuel • Performance based • Rate per block
United Express • CRJ 700—70 expires on an incentives hour, per departure
• Landing fees,
Agreements • E175—20 individual aircraft and per aircraft
Station Rents,
(fixed-fee • EMB 120—9 basis with under contract
Deice
arrangement) expirations
scheduled in 2015 • Insurance
• The final aircraft
expires in 2026
• The average
remaining term of
the aircraft under
contract is 3.4 years
• Upon expiration,
aircraft may be
renewed or
extended
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