CHICAGO, June 10, 2003 - United Airlines (OTCBB: UALAQ.OB) announced today that it has reached a Memorandum of Understanding (MOU) with SkyWest Airlines to operate select portions of the company’s United Express service.Ê The new relationship, in place for 11 years, includes a new rate structure and allows for the addition of more aircraft to the United Express fleet.
“This is a great deal for United and SkyWest,” said Greg Kaldahl, director of United Express.Ê “This new agreement strengthens the relationship already built between United and SkyWest, enhances the United Express product and provides for better service and a better flying experience for our customers.”
The MOU calls for SkyWest to operate a fleet of 140 aircraft, including 55 turbo-prop aircraft currently serving the United Express fleet, 55 50-seat regional jet aircraft which will be in service by the end of 2003 and 30 70-seat regional jets that are scheduled to be serving United Express routes by summer 2005.Ê The agreement also includes an option to operate a significant number of additional regional jet aircraft.
Terms of the MOU are retroactive to January 1, 2003 and provide a significant economic benefit to United.Ê A final contract is subject to approval by the board of directors and senior officers by both companies and the U.S. Bankruptcy Court.
In 2002, United’s employees broke 35 company records and achieved the best overall operational performance in the company’s 77-year history.Ê United Airlines finished 2002 ranked No. 1 in the industry in domestic on-time performance among major airlines as published in the Department of Transportation’s Air Travel Consumer Report for 2002.Ê United operates more than 1,700 flights a day on a route network that spans the globe.Ê News releases and other information about United can be found at the company’s website at www.united.com.