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Westjet To Add 737-800's  
User currently offlineDash8King From Canada, joined Nov 2001, 2742 posts, RR: 11
Posted (12 years 5 months 2 weeks 2 days 23 hours ago) and read 2314 times:

Source Globe and Mail

WestJet Announces Stock Split and The Purchase of Two Additional Aircraft


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17:51 EST Wednesday, February 13, 2002


CALGARY, ALBERTA--WestJet today announced its Board of Directors has approved a stock split on the basis of three common shares for each two common shares held. The stock split is subject to shareholders' approval. The Board has also approved the purchase of two additional Next-Generation Boeing 737-700 series aircraft to be delivered in November and December of 2002.

The airline has also signed a preliminary agreement for the short-term lease of two Boeing 737-800 series aircraft. These aircraft will be in service with WestJet for approximately seven months, commencing in May 2002.

The record date for the stock split will be on or about May 3, 2002, with the shares commencing trading on a split basis at the opening of business on or about May 1, 2002. The stock split is proposed to be considered at WestJet's Annual and Special Meeting to be held on Thursday, April 25, 2002 at the company's Calgary hangar.

WestJet's plan to purchase two additional new Boeing 737-700 series aircraft in November and December of this year will bring the total number of aircraft added to the airline's fleet in 2002 to ten. These two 737-700 series aircraft are eligible for financing as part of WestJet's $744 million (USD) commitment from the Export-Import Bank of the United States.

The two 737-700 series aircraft announced today are a part of the previously announced 48 optional aircraft arrangement with Boeing signed in August 2000. The airline is maintaining its plans to acquire 26 aircraft under its firm purchase arrangement with Boeing in addition to the two announced today.

The Boeing 737-800 series aircraft, with its 150-person capacity, is virtually identical to the B737-700 the airline currently operates.

Clive Beddoe, WestJet Chairman, President and Chief Executive Officer said today: "We are proposing that our shareholders approve this stock split at our Annual and Special Meeting in April. We believe that this will ensure that the price level and ownership of our airline remains accessible to our many and varied investors. We continue to have tremendous support from our guests and the investment community and we see this as one way to ensure that our shares remain more available to an increasing number of people.

"We are also excited to announce our plan to purchase two additional Next-Generation Boeing 737-700 aircraft this year as well as the lease of the 737-800 series aircraft that will bridge our operations until the 700's arrive. The B737-800 aircraft will provide us with additional capacity to meet the growing demand for WestJet's low-fare service throughout the busy summer travel season.

"With the substantial capacity we will be adding to the market this year, we have dramatically increased our expansion options. Although we have not yet made any final decisions on where we will apply this additional capacity, we are looking forward to adding more destinations and strengthening our current network with greater connectivity and frequency. Announcements regarding our summer schedule will be made in the coming weeks."

WestJet serves the 21 Canadian cities of Victoria, Comox, Vancouver, Abbotsford/Fraser Valley, Prince George, Kelowna, Calgary, Edmonton, Grande Prairie, Fort McMurray, Saskatoon, Regina, Winnipeg, Thompson, Sudbury, Sault Ste. Marie, Thunder Bay, London, Ottawa, Hamilton and Moncton. WestJet currently operates a fleet of 28 Boeing 737 aircraft, featuring five state-of-the-art Next-Generation 737-700 aircraft. WestJet is publicly traded on the Toronto Stock Exchange under the symbol WJA.

I like that they are expanding but I can't help but wonder if they are going to fast? What do you guys think?

46 replies: All unread, showing first 25:
 
User currently offlineCessnapimp From Canada, joined Oct 2001, 1320 posts, RR: 20
Reply 1, posted (12 years 5 months 2 weeks 2 days 23 hours ago) and read 2167 times:

Just for the information of other forum members, what is the difference in capacity between the '700 and the '800 series 737.

I'm asking this purely for the information of OTHER forum members because I totally know but I can't type it now because...uh... my cat's on fire...

Cheers!  Smile/happy/getting dizzy


User currently offlineSerge From United States of America, joined Sep 2001, 1989 posts, RR: 2
Reply 2, posted (12 years 5 months 2 weeks 2 days 23 hours ago) and read 2152 times:

Nice!  Big thumbs up Thanks for letting us know....

...Serge


User currently offlineC172Akula From Canada, joined Mar 2001, 998 posts, RR: 4
Reply 3, posted (12 years 5 months 2 weeks 2 days 23 hours ago) and read 2143 times:

Yet more exciting news from Westjet! Anyway to tell the difference between the 700's and 800's, are they longer?

User currently offlineDripstick From Canada, joined Dec 2001, 2364 posts, RR: 21
Reply 4, posted (12 years 5 months 2 weeks 2 days 23 hours ago) and read 2151 times:

Cessnapimp! Looks like you have a hot pussy on your hands!

Anyway....I think WestJet knows EXACTLY what they are doing and really need to expand their fleet. Supply and demand kinda thing.




What's another word for thesaurus?
User currently offlineDash8King From Canada, joined Nov 2001, 2742 posts, RR: 11
Reply 5, posted (12 years 5 months 2 weeks 2 days 23 hours ago) and read 2134 times:

The 700 I believe seats 128 and the 800 as it says seats 150.



User currently offlineBa777-236 From Canada, joined Oct 2001, 673 posts, RR: 4
Reply 6, posted (12 years 5 months 2 weeks 2 days 23 hours ago) and read 2126 times:

So.... Does this mean that WJA will serve Toronto with these leased 738's?


I like British Airways! I'm not sure why, but I do! ;-)
User currently offlineC172Akula From Canada, joined Mar 2001, 998 posts, RR: 4
Reply 7, posted (12 years 5 months 2 weeks 2 days 23 hours ago) and read 2131 times:

That sounds like a possibility, now that they have their landing slots there. I could see YYC-YYZ being served by one of the 800's. Any thoughts people?

User currently offlineHoffa From , joined Dec 1969, posts, RR:
Reply 8, posted (12 years 5 months 2 weeks 2 days 23 hours ago) and read 2122 times:

Will the -800 require an extra FA over the -700?

User currently offlineDash8King From Canada, joined Nov 2001, 2742 posts, RR: 11
Reply 9, posted (12 years 5 months 2 weeks 2 days 22 hours ago) and read 2110 times:

It is almost certain I would think about them serving YYZ, I read other articles that if they could get 2 additional aircraft that they will serve YYZ and May seems to be the magic month

User currently offlineHoffa From , joined Dec 1969, posts, RR:
Reply 10, posted (12 years 5 months 2 weeks 2 days 22 hours ago) and read 2101 times:

Well those YYZ slots are valuable; makes sense to milk 'em for all they're worth.

Its just a short-term lease; Westjet can give them back if it doesn't work out.


User currently offlineDash8King From Canada, joined Nov 2001, 2742 posts, RR: 11
Reply 11, posted (12 years 5 months 2 weeks 2 days 22 hours ago) and read 2095 times:

So that makes 10 73G's and 2 short term 738's correct?

User currently offlineGmonney From Canada, joined Jan 2001, 2159 posts, RR: 20
Reply 12, posted (12 years 5 months 2 weeks 2 days 22 hours ago) and read 2096 times:

How about range....?? No problem, which aircraft has better range? Will they use lets say the 700 on YYZ-YYC because the range and efficiency is better. As well the loads may be better in the west, you never know the reception here in YYZ. So, it would make a lot of sense to have aircrafts with less capacity in an unfarmiliar market.

So, if logic has it, we will be seeing the 700's here in YYZ based on unpredictable loads, and predictable loads in the west and the 800 will be filled!!!

Just my thought....Can't wait to see these awesome aircrafts here at YYZ.

Grant



Drive it like you stole it!
User currently offlineDash8King From Canada, joined Nov 2001, 2742 posts, RR: 11
Reply 13, posted (12 years 5 months 2 weeks 2 days 22 hours ago) and read 2089 times:

I wonder if they are also doing this to get to the destinations like YUL before Royal II can go?

User currently offlineFallingeese From Canada, joined Apr 2001, 2097 posts, RR: 18
Reply 14, posted (12 years 5 months 2 weeks 2 days 22 hours ago) and read 2090 times:

737-200 - 120 passengers
737-700 - 140 passengers
737-800 - ?

The -800 is just a bigger 737. I wonder if the 150 passengers are in a two section aircraft. Probably looking over 150 maybe 160 passengers. I wonder if there is a possibility of getting some 737-800's for routes with higher yields, converting some options. They have cancelled their options for the -600.



Mark McWhirter...Contrails Photography
User currently offlineDash8King From Canada, joined Nov 2001, 2742 posts, RR: 11
Reply 15, posted (12 years 5 months 2 weeks 2 days 22 hours ago) and read 2077 times:

No it says in the article that the 738's are in the same config as westjet.

I didn't even know that they had options the 736, thanks for letting me know fallingeese.


User currently offlineYwg777 From Canada, joined Oct 1999, 1264 posts, RR: 1
Reply 16, posted (12 years 5 months 2 weeks 2 days 22 hours ago) and read 2078 times:

Good thing I have westjet stock Smile
Can't wait to take pictures of these 2 737-800's

way to go westjet!
YWG777


User currently offlineNoise From United States of America, joined Dec 1999, 1768 posts, RR: 4
Reply 17, posted (12 years 5 months 2 weeks 2 days 22 hours ago) and read 2071 times:

This is all great news but what afffect will this have on them serving YUL. They won't have a strong route network until they serve Montreal.

By the way here are photos of the 737-800 and 700 a/c.

800

Click for large version
Click here for full size photo!

Photo © Colin Abbott



700

Click for large version
Click here for full size photo!

Photo © John Davies



The 800 is obviously longer. I am very exited to see a 737-800, I love that a/c.



User currently offlineFallingeese From Canada, joined Apr 2001, 2097 posts, RR: 18
Reply 18, posted (12 years 5 months 2 weeks 2 days 22 hours ago) and read 2065 times:

Westjet HAD options for the 737-600 but since it is less economical and Westjet doesn't have problems filling their (absolutely beautiful) planes, they changed the options to 700's. I wonder if they are happy with the -800 if there is a chance of changing some -700 orders into -800. What is the range of the -800? How much do the winglets improve range?

Fly Westjet!

Teachers going on strike Tuesday....



Mark McWhirter...Contrails Photography
User currently offlineWestjet_737 From Japan, joined Nov 1999, 869 posts, RR: 6
Reply 19, posted (12 years 5 months 2 weeks 2 days 21 hours ago) and read 2058 times:

Yay! Even more good news. (BTW, fallingeese, my teachers have been on strike for a week and a half already)

User currently offlineFallingeese From Canada, joined Apr 2001, 2097 posts, RR: 18
Reply 20, posted (12 years 5 months 2 weeks 2 days 21 hours ago) and read 2034 times:

Westjet_737...ah yes you're in the separate system. I hope it doesn't last too long because then it'll be cram... I'm only in grade 10 now so it's not too much of a problem. Hey Bo, since you'll be reading this soon, how are you affected?


Mark McWhirter...Contrails Photography
User currently offlineWJV04 From Canada, joined Jun 2001, 583 posts, RR: 4
Reply 21, posted (12 years 5 months 2 weeks 2 days 20 hours ago) and read 2022 times:

This is from a internal westjet source. But the 738s are from delta. And will only be painted in limited WestJet colors, so the chrome on the bottom will remain, and the rest will be westjet.
Man you guys are lazy look up some info
if the planes are from delta, then 154 passengers, range is not a issue for nither planes, and heres a comparison of size.

http://www.boeing.com/commercial/737family/family.jpg


User currently offlineFallingeese From Canada, joined Apr 2001, 2097 posts, RR: 18
Reply 22, posted (12 years 5 months 2 weeks 2 days 19 hours ago) and read 2003 times:

WJV04 - wouldn't Westjet change the interior to an all economy configuration? This would differ from Delta. Though if they are comming from Delta Shuttle than would it be all economy?


Mark McWhirter...Contrails Photography
User currently offlineWJV04 From Canada, joined Jun 2001, 583 posts, RR: 4
Reply 23, posted (12 years 5 months 2 weeks 2 days 19 hours ago) and read 1989 times:

well if i was westjet, i would but they might be from delta shuttle, who knows but for something as little as 7 months i wouldnt


User currently offlineFallingeese From Canada, joined Apr 2001, 2097 posts, RR: 18
Reply 24, posted (12 years 5 months 2 weeks 2 days 19 hours ago) and read 1987 times:

If they don't have any problems filling the 737-800 on a YYC-YYZ route I would switch some of the -700 options into firm -800 orders.


Mark McWhirter...Contrails Photography
25 Samurai 777 : Now, THAT'S interesting! I didn't exactly expect to see the day WJ would use 738's so soon, even if only on a temporary lease basis. I suppose WestJet
26 Gmonney : Exactly what I was saying Samurai777, I don't see them using these 800 in and around YYZ, more of the popular routes YYC YVR and stuff like that, Gran
27 Fly_yhm : Westjets 737-700s can hold 140 people I have now seen all 5 five -700s. and have been on 2 of them. Any one know why Skyservice employees would fly on
28 WJV04 : I can see westjet using these aircraft for trial purposes. If succsessful, the i belive westjet will order a few 800s for yyc-yvr routes. It will be s
29 Fallingeese : I think it would be less than 189 passengers. The max seating for the 737-700 is 149 but Westjet puts in 140. I think we'd be looking at something aro
30 Post contains images Cessnapimp : Winglets? Oh please...please...please! That would be great if highly unlikely. Promo for YUL Westjet: "With the new 800 series plane, we now have enou
31 Post contains links and images 9Y-ISA : Just for those who are still wondering, the B737-800s are 19 feet- 2 inches longer than the B737-700s. Here is a picture of the B737-800 in contrast w
32 Lowfareair : >>It will be single class so 189 people can fit on oneI think it would be less than 189 passengers. The max seating for the 737-700 is 149 but Westjet
33 Post contains images A380 : Don't have enough money to buy WJA stocks!
34 777236ER : Yeah, the 738s will need an extra f/a over the 73Gs.
35 Lubicon : Folks: Read the press release again. The -800's are on short term lease (7-8 monthsstarting in May) and they have ordered 2 additional -700's (part of
36 Boeing747-700 : I wouldn't count out West Jet ordering 800's one day
37 Jean Leloup : Lubicon... agree about the -800's, but, as for the other thing, WEstjet is on record saying a lot of things that have not necessarily happened!
38 Iluvwestjet : I would have to counter the statement that WestJet will not be getting 738s in the future. I can see that the short leases on the 2 738s right now are
39 Mcdougald : A380 wrote: "Don't have enough money to buy WJA stocks!" It's doing quite well in price: around $29 per share.
40 Post contains links Iluvwestjet : On a related note, WestJet annouced today: WestJet Announces Common Share Offering from Treasury http://biz.yahoo.com/ccn/020214/yqb2pyyvyz3cdgr_wa0st
41 Dash8King : Yes I definately agree with you Lubicon, I think they will stay with the 700, they want to make sure they can sell as many seats as possible, and the
42 ONT 737 : Any idea if the 738s are going to have winglets on them?
43 AirCanadaMan : I am proud to say, that my parents and I are proud owners of a substantial amount of Westjet stock. We were lucky enough to get on when they were trad
44 Post contains images Dash8King : Yeah I read that they halted it stock around that time too, announcing that they are selling 68.8 million dollars worth of shares. AirCanadaMan knowin
45 AirCanadaMan : I gave up asking last year. I emailed Mr. Bell, and Beddoe, and he gave me a huge explanation about 7F and 5T's cargo ops. (At the time, both flew con
46 Dash8King : Oh yeah, what school?
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