12-Jul-2012 8:42 AM

Mitsubishi Aircraft and SkyWest reach agreement in principle for 100 Mitsubishi Regional Jets

SkyWest and Mitsubishi Aircraft Corporation stated (11-Jul-2012) they have reached an agreement in principle in anticipation of completing a firm order for 100 Mitsubishi Regional Jets (MRJ), laying the foundation for Mitsubishi Aircraft’s delivery of MRJs to SkyWest commencing in 2017. Pratt & Whitney will provide exclusive power for the aircraft, with the agreement representing 200 PurePower PW1200G engines with deliveries scheduled to begin in 2017. Mitsubishi Aircraft and SkyWest intend to continue their efforts to transform the agreement in principle into a definitive agreement in the coming weeks. The agreement in principle contemplates Mitsubishi Aircraft would commence delivery of the MRJs during 2017 and all 100 MRJs would be delivered before the end of 2020. MRJ has received 130 aircraft orders so far including 25 (15 firm, 10 option) from All Nippon Airways Co, 100 (50 firm, 50 option) from Trans States Holdings and five (all firm) from ANI Group Holdings. This agreement in principle, if developed into a binding purchase order, would increase the number of orders for the MRJ to 230 aircraft. [more - original PR - Mitsubishi Aircraft Corp] [more - original PR - Pratt & Whitney] [more - CAPA Analysis]

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