SKYW Skywest Air

TIDMSKYW

RNS Number : 2057A

Skywest Airlines Limited

18 March 2013

Singapore, 18 March 2013

ASX code SXR

AIM code SKYW

SKYWEST AIRLINES LTD.

("Skywest" or "the Company")

NO OBJECTION FROM FIRB FOR PROPOSED ACQUISITION

Skywest, the Australian and South East Asia regional airline, wishes to update the market regarding the status of a proposed scheme of arrangement between Skywest and Virgin Australia Holdings Limited ("Proposed Acquisition").

Further to the announcements dated 30 October 2012, 6 December 2012 and 31 January 2013, the Foreign Investment Review Board of Australia ("FIRB") confirmed today that it has no objections to the proposed acquisition of Skywest by Virgin Australia Holdings Limited pursuant to a scheme of arrangement under the laws of Singapore. This confirmation satisfies another condition for the proposed acquisition of Skywest.

The proposed acquisition still remains subject to certain conditions including the sanction of the Singapore High Court.

--ENDS--

Enquiries:

Skywest Airlines Ltd

Jeff Chatfield, Executive Chairman +65 97354151

Nominated Adviser

James Joyce, W H Ireland Limited 0207 220 1666

Company Stockbroker

W H Ireland Limited 0207 220 1670

Financial Public Relations

Bishopsgate Communications 0207 562 3350

Nick Rome

skywest@bishopsgatecommunications.com

The Skywest Directors (including any who may have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts stated and all the opinions expressed in this Announcement are fair and accurate and that no material facts have been omitted from this Announcement, the omission of which would make any statement in this Announcement misleading, and the Skywest Directors jointly and severally accept full responsibility accordingly.

Where any information has been extracted or reproduced from published or otherwise publicly available sources, the sole responsibility of the Skywest Directors has been to ensure through reasonable enquiries that such information is correctly extracted from such sources or, as the case may be, reflected or reproduced in this Announcement.

Websites

www.skywest.com.au

www.advent.com.sg

www.skywest.com.sg

This information is provided by RNS

The company news service from the London Stock Exchange

END

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