SKYW Finspin Huge poss20 Aug 2009 10:34
("Skywest" or "the Company") Finspin This is more huge yesterday Got this as a tip 2 weeks ago
Skywest Airlines anticipates capacity boom with new North West Shelf gas venture
Skywest, Western Australia's ("WA") premier airline is expected to benefit from a significant increase in capacity. This follows the recently announced A$50 Billion Gorgon Project - the biggest ever trade deal in Australia's history. This is expected to lead to a significant infrastructure and employment boon for WA over the coming decades and will be Australia's largest ever resources development.
Skywest Airlines already flies the bulk of employees to the region under its existing "fly-in fly-out" charter contracts on behalf of various mining customers and is also the primary provider of reliable air travel to the North West Shelf's major service hubs such as Karratha, and Exmouth.
Anticipating that the Gorgon Project can lead to a new wave of resource industry prosperity and development in Western Australia, Skywest Chairman, Jeff Chatfield, commented:
"The Company is considering further expansion of the existing route network to towns such as Onslow. This will facilitate any future travel and support infrastructure requirements due to the Gorgon Project."
Skywest has also recently added services between Geraldton and Carnarvon with connections to Karratha. These new service additions have been we