Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Mike Linenberg from Banc of America; please go ahead with your question or comment.
Mike Linenberg - Banc of America
Yes hey, good morning Brad; a couple of questions here. I wanted to follow-up, I know in the last quarter in your press release you indicated that Delta was still withholding money related to I guess how you account for regular operations. Can you just update us on that? It looks like that the accumulated amount was the same as in the last quarter. So, presumably maybe they’re not with holding money anymore. Any update on that would be great.
Bradford Rich
Okay. No, there’s actually no change in the situation. It’s just running through the legal process, we’re in discovery. So, I mean the legal process is still continuing. The only reason that the disclosure hasn’t changed is that we have not recorded any of that as revenue in the current quarter. So I mean although we are taking a conservative position on it relative to what we’ve booked in our financials, certainly it shouldn’t be taken as an indication that we feel any less strong about our case.
Mike Linenberg - Banc of America
Okay, but also they’re still not withholding. I mean I realize there’s the conservative piece, but in the last parts release you indicated they were still withholding a certain amount of money, has that??
Bradford Rich
No, they are still withholding the money. So they’re with holding, we just haven’t booked any of it as revenue and therefore a receivable. So we’re in a sense just writing that off, which obviously has had a negative impact on our quarter.
Mike Linenberg - Banc of America
Yes. Okay, my second question is the CRJ-900s that are coming in from Delta, are those aero planes going to be on Delta’s balance sheet or will Delta have the head lease? Will they be subleasing those aero planes to you?
Bradford Rich
Yes, Delta will own and finance the aero plane; we’re just taking the sublease.
Mike Linenberg - Banc of America
I see and then the 20 aero planes that will be going out in ?10 are those aero planes where the ownership cost burden, is that with the SkyWest today or is that with Delta?
Bradford Rich
No, that’s with SkyWest.
Mike Linenberg - Banc of America
Okay. So then the ten aero planes coming in, they are bigger aero planes, but we should expect that the margin to you or maybe the margin is not the right way to characterize it. The amount of benefit that you will get will be less, because you won’t be out there putting your own balance sheet at risk?
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