SkyWest to Take Stake in Brazilian Airline
SkyWest Airlines has agreed to buy a 6-percent stake in Brazilian regional airline Trip Linhas Aereas, SkyWest vice president of finan ce Mike Kraupp confi

SkyWest Airlines has agreed to buy a 6-percent stake in Brazilian regional airline Trip Linhas Aereas, SkyWest vice president of finan ce Mike Kraupp confirmed to AIN today. Described as a “small deal” to SkyWest, the investment equates to roughly $5 million, but the contact’s language calls for a possible increase in the St. George, Utah-based airline’s stake to 20 percent if the Brazilian airline meets certain unnamed milestones.

“Over time SkyWest has created a really nice model that’s been very successful here in the U.S., and we think there might be an opportunity to replicate that or at least have something very similar to that down in Brazil,” said Kraupp.