SkyWest Inc.'s arrangement to acquire as many as 200 new 76-seat Embraer 175s is the latest in a series of orders expected as the reshaped U.S. airline industry moves to larger regional jets (RJ) and sheds 50-seaters. But the deal—valued at more than $8 billion at list prices if all aircraft are ordered—might not be quite as big as it seems. Of the 200 aircraft, the U.S. regional carrier is firmly committed to only 40, which its SkyWest Airlines subsidiary will operate for United ...

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