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 finance Mike Kraupp confir

SkyWest Airlines has agreed to buy a 6-percent stake in Brazilian regional airline Trip Linhas Aereas, SkyWest vice president of finance Mike Kraupp confirmed to AIN last month. Described as a “small deal” by Kraupp, the investment equates to roughly $5 million, but the contract’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 successful here in the U.S. and we think there might be an opportunity to replicate that or at least have something similar to that down in Brazil,” said Kraupp.