WestJet
TSX : WJA

WestJet

July 12, 2005 08:30 ET

WestJet Announces Completion of Sale of 737-200 Fleet

CALGARY, ALBERTA--(CCNMatthews - July 12, 2005) - WestJet (TSX:WJA) today announced it has completed the sale of its Boeing 737-200 fleet to Miami-based Apollo Aviation Group (Apollo). WestJet currently has 10 737-200 aircraft remaining in its fleet, all of which will be replaced by Next-Generation 737 aircraft by March 2006. Apollo has also purchased WestJet's inventory of spare parts and engines, as well as the company's 737-200 flight simulator.

Beginning in March 2006, WestJet will operate a fleet comprised exclusively of state-of-the-art Boeing Next-Generation 737 aircraft equipped with more legroom, leather seats and live seatback television provided by Bell ExpressVu on its 700-series aircraft. The airline currently operates 44 Next-Generation aircraft in its fleet of 54 aircraft.

Tim Morgan, WestJet's Executive Vice-President, Operations, commented: "Today is a historic day for WestJet and WestJetters as we have now finalized the retirement plan of our 737-200 fleet through our sale agreement with Apollo. These aircraft were a determining factor in the success of our airline for many years, and helped to establish WestJet as Canada's premier airline for low-fare, high-value service."

Mark Brown, Apollo's Vice-President, commented: "We view the addition of WestJet to our group of business partners as a further star in our collection of first class airlines and lessors we have had the opportunity to work with, and look forward to further opportunities to expand on this relationship."

About WestJet

WestJet is Canada's leading low-cost airline offering scheduled service throughout its 34-city North American network. Named Canada's most respected corporation for customer service in 2005, 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 its 737-700 fleet, WestJet strives to be the number one choice for travellers.

About Apollo

Apollo Aviation Group was founded in 2002. The company has emerged as a prominent participant in the commercial aircraft and engine trading business. The company has contracted to acquire in excess of 20 aircraft this year.



Contact Information

  • WestJet
    Media Relations:
    Gillian Bentley
    (403) 444-2615
    Website: www.westjet.com
    or
    Apollo Aviation Group
    Mark Brown
    (305) 579-2340