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SkyWest to Gain From Investment Deal With Maeve Aerospace: Here's How
ZACKSยท 2025-09-17 18:55
Core Insights - SkyWest, Inc. (SKYW) is enhancing its position in the aviation sector by investing in Maeve Aerospace, focusing on economic regional aviation solutions [1][8] - The investment allows SkyWest to contribute its operational and design expertise to the development of Maeve's hybrid electric aircraft, MAEVE Jet [2][8] - The agreement grants SkyWest exclusive launch customer rights, aligning with its long-term fleet upgrade strategy [3][8] Fleet Modernization Efforts - SkyWest has ongoing fleet modernization initiatives, including agreements with major airlines such as United Airlines (UAL), Delta Air Lines (DAL), and Alaska Airlines (ALK) [3][6] - Under a prior agreement with UAL, SkyWest received two new E175 aircraft in Q2 2025, with additional deliveries scheduled [4] - Delta Air Lines has a multi-year contract with SkyWest for 16 new E175 aircraft, which will replace older CRJ900s and CRJ700s [5] Future Deliveries and Projections - SkyWest is set to purchase 16 E175s from Embraer, with deliveries planned for 2027 and 2028, aiming for a fleet of nearly 300 E175 aircraft by the end of 2028 [6] - The investment in Maeve Aerospace is seen as a strategic move to support long-term fleet renewal with more sustainable aircraft [6]