Skywest Airlines of Western Australia is to acquire a further Fokker 100 from a leading aerospace company.
The purchase price of the aircraft is $4,050,000 and a further $950,000 will be spent refurbishing the aircraft interior and exterior and securing CASA (Civil Aviation Safety Authority) approval. The consideration will be paid by Skywest from existing cash reserves and from cash flows over the next six months. It is likely that the aircraft, once commissioned will be sold and leased back from one of Skywest's associated leasing companies.
This additional aircraft will lower Skywest’s costs for the cross hire of aircraft from other airlines and will increase Skywest’s fleet to 16 aircraft.
Jeff Chatfield, chairman of Skywest, commented: “Skywest is now in a position to further capitalise on the significant growth opportunities in the mining and resource sector all over Western Australia. Additionally, this extra aircraft will enable an increase in operations to our key routes and should improve overall operational reliability.”
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