SkyWest Inc. (SKYW) announced that it has reached an agreement with United Air Lines Inc. that provides operational funding to United, extends the current code-sharing relationship between SkyWest Airlines Inc., a subsidiary of SkyWest and creates the opportunity to develop a new relationship with Atlantic Southeast Airlines Inc., another subsidiary of SkyWest.
SkyWest Airlines extended to United a secured term loan in the original principal amount of $80 million. The term loan bears interest at a rate of 11%, with a ten-year amortization period.
SkyWest Airlines also agreed to defer certain amounts otherwise payable to SkyWest Airlines under the existing United Express Agreement. The maximum deferral amount is $49 million and any amounts so deferred accrue a deferral fee of 8%, payable weekly.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.