ASX: SXR AIM: SKYW
11 April 2013

SKYWEST AIRLINES LTD. ("SKYWEST" OR "THE COMPANY") EFFECTIVE DATE OF THE SCHEME OF ARRANGEMENT

The Board of Directors of Skywest (the "Skywest Directors") refers to the announcement made by the
Company on 26 February 2013 in relation to the despatch of the scheme document dated 26
February 2013 (the "Scheme Document") to the shareholders of the Company (the "Shareholders") relating to the proposed acquisition by Virgin Australia Holdings Limited ("Virgin Australia") of all the issued ordinary shares in the capital of the Company (the "Skywest Shares"), to be undertaken through Virgin Australia's wholly-owned subsidiary, VAH Newco No. 2 Pty Ltd by way of a scheme of arrangement under Section 210 of the Companies Act (Chapter 50 of Singapore) and in accordance with the Singapore Code of Take-overs and Mergers (the "Scheme"), and subsequent announcements relating to the progress of this transaction.
Unless otherwise defined, terms defined in the Scheme Document but not defined herein have the same meanings when used herein.
The Directors are pleased to announce that a copy of the Court Order has been lodged with the Accounting Regulatory Authority of Singapore today, 11 April 2013. Accordingly, all conditions precedent to the Scheme have been satisfied. The Scheme has therefore become effective and binding in accordance with its terms. Pursuant thereto, all of the Skywest Shares will be transferred to Virgin Australia and payment of the Scheme Cash and Shares Consideration will take place by 19
April 2013.
Shareholders are reminded to note the following events and their respective dates and times:
Date of removal of Skywest from the official list of the ASX
: 11 April 2013
Date and time of the cancellation of the admission of Skywest Shares to trading on AIM
: 12 April 2013 at 7.00 a.m. (London time)
Commencement of deferred trading of VAH Consideration Shares on ASX
: 12 April 2013
Date for payment of Scheme Cash and
Securities Consideration
: 19 April 2013
Despatch Date and last day of deferred trading for VAH Consideration Shares
: 19 April 2013
Date of commencement of trading on ASX of the VAH Consideration Shares on a normal basis
: 22 April 2013

--ENDS-- Enquiries: Skywest Airlines Ltd

Jeff Chatfield, Executive Chairman +65 97354151

Nominated Adviser

James Joyce, W H Ireland Limited 0207 220 1666

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

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