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Old 10th Aug 2006, 07:37
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WA-CEET
 
Join Date: Aug 2006
Location: Western Australia
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Did know Skywest was getting more aircraft, as was mentioned as part of the increase flights pth-bme....thought was more F100's


also this came out in Australian:

"Skywest takeover near

Steve Creedy, Aviation writer


SINGAPORE-based CaptiveVision Capital (CVC) has all but completed its takeover of Skywest Airlines, Western Australia's major regional carrier, lifting its stake to almost 80 per cent.

CVC was the major shareholder in Skywest when it announced its bid in May to capitalise on Western Australia's resources boom, which has increased demand for charter services.
CVC is offering 22.7c in cash as well 0.4171 of a share in CVC's parent, Advent Air. It said yesterday it held 78.1 per cent of Skywest's voting stock. An independent expert's report by PKF Corporate Advisory has deemed the offer, equivalent to 32.2c a share, as fair and reasonable.
Skywest's independent directors have recommended that the offer, which expires on Monday, be accepted. The second and third biggest shareholders have said they will sell.
Skywest operates charter and regular passenger services and last month reported a 10.55 per cent increase in passenger numbers for 2005-06.
The airline has five Fokker 50 turbo-prop aircraft and three Fokker 100 jets, with a sixth F50 due to arrive in August.
Charters such as fly-in/fly-out services to mines earned about $14 million in the year to May 31. That compared with unaudited total revenue of $70.8 million and pre-tax operating profit after abnormals of $2.36 million. In its outlook, PKF says Skywest expects revenues to rise to around $97 million in the 2007 financial year, with a pre-tax profit of around $4.3 million."
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