WestJet Announces Agreement With Boeing To Purchase 20 Additional Aircraft

Calgary, Alberta - WestJet recently announced it has signed an agreement with The Boeing Company for the purchase of 20 Boeing 737 Next-Generation aircraft.

Ken McKenzie, WestJet Executive Vice-President, Operations commented, "Consumer demand for WestJet continues to grow. We have had a significant impact on the North American airline industry and require these additional aircraft to satisfy the demands of our guests for our services in Canada, the United States, the Caribbean and Mexico."

Fourteen aircraft are scheduled to be delivered in 2012 with an additional six in 2013. The agreement is for the purchase of 737-700 series aircraft with options on all aircraft to be converted to 737-800 if desired.

"This is one of the largest orders in WestJet's history," added Mr. McKenzie. "From a financial perspective, we are one of the healthiest airlines in North America. Our proven brand and unique culture combined with the support of our guests gives us the ability to grow over the next decade. Through 2013, we have numerous capacity deployment opportunities in which we envision WestJet flying to over 60 destinations in North America, Mexico and the Caribbean on a scheduled basis."

Ray Conner, Vice-President for the Americas, Boeing Commercial Airplanes said, "WestJet is a significant partner for Boeing. We are confident in WestJet's continued success with their strong cash position, their ability to generate positive cash flow and their position as one of the most profitable airlines in North America. We are pleased to be able to provide the most successful commercial aircraft in aviation history to help fuel WestJet's growth."

SOURCE: WestJet