January 11, 2007 08:30 ET

WestJet Finalizes Term Sheet for Two Additional Aircraft

CALGARY, ALBERTA--(CCNMatthews - Jan. 11, 2007) - WestJet (TSX:WJA) today announced that it has finalized a term sheet with Singapore Aircraft Leasing Enterprise (SALE) for two Boeing Next-Generation 737 aircraft to be delivered in 2009. Details of the agreement include two 700-series aircraft scheduled for delivery in July and August 2009.

These aircraft are part of an earlier agreement with SALE that provided WestJet with the ability to secure an additional three 700-series and one 800-series aircraft in 2009. With the addition of these aircraft, the company still has the ability to secure the remaining two aircraft at a later date. Finalization of the transaction is subject to a number of conditions.

"WestJet is pleased to secure two aircraft from SALE in order to continue our expansion plans throughout 2009," said Sean Durfy, President. "Execution of our growth strategy relies on the profitable deployment of seat capacity into our existing and new destinations. Our strong partnership with SALE, which now accounts for 11 of our planned aircraft deliveries, is an important part of this strategy."

WestJet currently has a registered fleet of 63 aircraft, with committed deliveries scheduled for the remainder of 2007 through to 2009. By the end of 2009, WestJet will have a registered fleet of 83 aircraft.

WestJet is Canada's leading low-fare airline offering scheduled service throughout its 35-city North American and Caribbean network. Named Canada's most admired corporate culture in 2006, WestJet pioneered low-cost high-value flying in Canada. With increased legroom and leather seats on its modern fleet of Boeing Next-Generation 737 aircraft, and live seatback television provided by Bell ExpressVu on the majority of its fleet, WestJet strives to be the number one choice for travellers.

Contact Information

  • WestJet
    Media Relations
    Gillian Bentley
    (403) 444-2615
    Website: www.westjet.com