Mitsubishi Aircraft and SkyWest, Inc. Announce 100 Aircraft Agreement in Principle

Mitsubishi Aircraft Corporation and SkyWest, Inc., the holding company for the two regional air carriers
who conduct the world’s largest combined regional airline operations, are pleased to
announce that they have reached an agreement in principle in anticipation of
completing a firm order for 100 Mitsubishi Regional Jets (MRJ), laying the foundation
for a business relationship leading to Mitsubishi Aircraft’s delivery of MRJs to SkyWest
commencing in 2017.

“SkyWest remains committed to providing innovative leadership within the regional
airline industry,” said Bradford R. Rich, President, SkyWest, Inc. “This agreement is
the product of a cooperative partnership that we are confident will create long-term
value for both parties. We look forward to the continued development of a long-term
relationship with Mitsubishi Aircraft.”

“Mitsubishi Aircraft is absolutely delighted to be expanding its presence in the [regional
aircraft] market with an outstanding customer such as SkyWest” said Hideo Egawa,
President, Mitsubishi Aircraft, adding “I warmly welcome our friends in St. George to
the MRJ family!”

Mitsubishi Aircraft and SkyWest, Inc. intend to continue their efforts to transform the
agreement in principle into a definitive agreement in the coming weeks. The
agreement in principle contemplates that Mitsubishi Aircraft would commence delivery
of the MRJs during 2017 and all 100 MRJs would be delivered before the end of 2020.
MRJ has received 130 aircraft orders so far including 25 (15 firm, 10 option) from All
Nippon Airways Co., Ltd., 100 (50 firm, 50 option) from Trans States Holdings and 5
(all firm) from ANI Group Holdings. This agreement in principle, if developed into a
binding purchase order, would increase the number of orders for the MRJ to 230
aircraft.