Dash8King
Topic Author
Posts: 2657
Joined: Wed Nov 21, 2001 8:45 am

Westjet To Add 737-800's

Thu Feb 14, 2002 8:50 am

Source Globe and Mail

WestJet Announces Stock Split and The Purchase of Two Additional Aircraft


--------------------------------------------------------------------------------

Advertisement


--------------------------------------------------------------------------------



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?
 
Cessnapimp
Posts: 1245
Joined: Sun Oct 07, 2001 11:46 am

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 8:56 am

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
 
serge
Posts: 1903
Joined: Thu Sep 27, 2001 2:01 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 8:57 am

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

...Serge
 
User avatar
c172akula
Posts: 821
Joined: Tue Mar 13, 2001 1:53 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:01 am

Yet more exciting news from Westjet! Anyway to tell the difference between the 700's and 800's, are they longer?
 
dripstick
Posts: 2320
Joined: Sat Dec 01, 2001 9:43 am

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:01 am

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?
 
Dash8King
Topic Author
Posts: 2657
Joined: Wed Nov 21, 2001 8:45 am

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:06 am

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

 
ba777-236
Posts: 645
Joined: Sat Oct 27, 2001 11:35 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:11 am

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 avatar
c172akula
Posts: 821
Joined: Tue Mar 13, 2001 1:53 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:12 am

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?
 
Hoffa
Posts: 946
Joined: Wed Nov 21, 2001 8:04 am

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:13 am

Will the -800 require an extra FA over the -700?
 
Dash8King
Topic Author
Posts: 2657
Joined: Wed Nov 21, 2001 8:45 am

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:20 am

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
 
Hoffa
Posts: 946
Joined: Wed Nov 21, 2001 8:04 am

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:26 am

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.
 
Dash8King
Topic Author
Posts: 2657
Joined: Wed Nov 21, 2001 8:45 am

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:27 am

So that makes 10 73G's and 2 short term 738's correct?
 
gmonney
Posts: 2076
Joined: Fri Jan 12, 2001 2:59 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:28 am

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!
 
Dash8King
Topic Author
Posts: 2657
Joined: Wed Nov 21, 2001 8:45 am

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:31 am

I wonder if they are also doing this to get to the destinations like YUL before Royal II can go?
 
fallingeese
Posts: 2031
Joined: Sat Apr 28, 2001 2:33 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:37 am

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
 
Dash8King
Topic Author
Posts: 2657
Joined: Wed Nov 21, 2001 8:45 am

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:45 am

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.
 
ywg777
Posts: 1240
Joined: Wed Oct 13, 1999 9:40 am

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:49 am

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

way to go westjet!
YWG777
 
Noise
Posts: 2011
Joined: Wed Dec 22, 1999 7:38 am

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 9:58 am

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.

 
fallingeese
Posts: 2031
Joined: Sat Apr 28, 2001 2:33 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 10:16 am

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
 
Westjet_737
Posts: 845
Joined: Wed Nov 03, 1999 8:42 am

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 10:27 am

Yay! Even more good news. (BTW, fallingeese, my teachers have been on strike for a week and a half already)
 
fallingeese
Posts: 2031
Joined: Sat Apr 28, 2001 2:33 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 11:06 am

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 avatar
wjv04
Posts: 547
Joined: Sat Jun 23, 2001 12:18 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 11:40 am

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
 
fallingeese
Posts: 2031
Joined: Sat Apr 28, 2001 2:33 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 12:49 pm

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 avatar
wjv04
Posts: 547
Joined: Sat Jun 23, 2001 12:18 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 1:08 pm

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
 
fallingeese
Posts: 2031
Joined: Sat Apr 28, 2001 2:33 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 1:10 pm

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
 
Samurai 777
Posts: 2000
Joined: Thu Jan 27, 2000 2:56 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 1:11 pm

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 will want to use them on routes with the highest load factors, like maybe YYC-YVR or YEG-YVR (I don't honestly know for sure). Flying them to YYZ does seem a great possibilty, too, given the passenger numbers YYC-YYZ see every day.
 
gmonney
Posts: 2076
Joined: Fri Jan 12, 2001 2:59 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 1:21 pm

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,

Grant
Drive it like you stole it!
 
fly_yhm
Posts: 1647
Joined: Fri Dec 01, 2000 1:12 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 1:49 pm

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 Westjet?Wonder what desinations we will see besides yyz?
Where will you spend eternity? He,s more real then you think!!!!!
 
User avatar
wjv04
Posts: 547
Joined: Sat Jun 23, 2001 12:18 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 2:39 pm

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 single class so 189 people can fit on one
cya
 
fallingeese
Posts: 2031
Joined: Sat Apr 28, 2001 2:33 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 2:50 pm

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 around 175-185.
Mark McWhirter...Contrails Photography
 
Cessnapimp
Posts: 1245
Joined: Sun Oct 07, 2001 11:46 am

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 3:01 pm

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 enough space to spell Ouestjet!"

Blah!  Smile/happy/getting dizzy
 
9Y-ISA
Posts: 217
Joined: Sun May 27, 2001 4:17 pm

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 3:03 pm

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 with the older B737-200:


Click for large version
Click here for full size photo!

Photo © Edward Pascuzzi

 
Guest

RE: Westjet To Add 737-800's

Thu Feb 14, 2002 7:32 pm

>>It will be single class so 189 people can fit on one<<

>>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 around 175-185.<<

I would go even less, as ATA seats 175 in their -800s. I'd say maybe 175, but possibly 169 or 172.

 
a380
Posts: 652
Joined: Tue Dec 19, 2000 11:51 pm

RE: Westjet To Add 737-800's

Fri Feb 15, 2002 2:01 am

Don't have enough money to buy WJA stocks!  Pissed
 
777236ER
Posts: 12213
Joined: Sat Aug 18, 2001 7:10 am

RE: Hoffa

Fri Feb 15, 2002 2:25 am

Yeah, the 738s will need an extra f/a over the 73Gs.
Your bone's got a little machine
 
Lubicon
Posts: 201
Joined: Sat Oct 14, 2000 5:13 am

RE: Westjet To Add 737-800's

Fri Feb 15, 2002 3:57 am

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 the 48 plane option from Boeing they announced a year or so ago) to be delivered November-December 2002 (7-8 months from May). In other words the -800's will only be here until the 2 extra -700's show up, then they return them. This will allow Westjet to start YYZ service this summer during peak season.

It makes no sense for Westjet to start juggling 2 different types, even if they are similar so the chances of them keeping or ordering any -800's are slim to none. Keeping one common type (and size) helps keep maximum flexibility in their system. They can adjust routes, swap aircraft (breakdowns) etc without having to figure out how to arrange everything to match varying aircraft sizes.

Read my lips, nothing but -700's for Westjet. And before you say "but what about the -200's?", they were the original planes used to start the airline and will be gradually phasaed out as the new -700's arrive and growth slows down a bit.

Don't worry, Westjet is on record as saying they will be in Montreal, Halifax and one other place by the end of the year (don't remember if it's St. John's or Toronto).
 
BOEING747-700
Posts: 1356
Joined: Mon Apr 03, 2000 5:21 am

RE: Westjet To Add 737-800's

Fri Feb 15, 2002 4:03 am

I wouldn't count out West Jet ordering 800's one day
 
Jean Leloup
Posts: 1953
Joined: Fri Apr 06, 2001 10:46 am

RE: Westjet To Add 737-800's

Fri Feb 15, 2002 4:48 am

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!
Next flight.... who knows.
 
iluvwestjet
Posts: 116
Joined: Wed Nov 21, 2001 5:18 am

RE: Westjet To Add 737-800's

Fri Feb 15, 2002 4:56 am

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 more like a trial run and fulfills the need for aircraft to start new service, but if it turns out that they can fill the 800s, turn them around just as quickly, maintain them just as cost effectively, I wouldn't be surprised to see WestJet converting their options of 73Gs to 738s.

The reason for this is that all the cities WestJet serves (or will serve) are not equal. Flying 700s to say, Thompson probably won't fill up the planes, likewise, using 200s on YYC-YVR when 700s can be used instead. As different routes have different demands, it would be to WestJet's advantage to utilize aircraft that can keep the CSM as low as possible. If YYC-YYZ gets the demand everyone is predicting, they probably would get some 800s on a permeant basis.

If WestJet does get 800s permeantly, I don't see them doing too much YVR-YYC runs as the best use for the 800 is for long range routes where you can't provide as much frequency as short haul routes.
 
Guest

RE: Westjet To Add 737-800's

Fri Feb 15, 2002 5:04 am

A380 wrote: "Don't have enough money to buy WJA stocks!"

It's doing quite well in price: around $29 per share.
 
iluvwestjet
Posts: 116
Joined: Wed Nov 21, 2001 5:18 am

RE: Westjet To Add 737-800's

Fri Feb 15, 2002 5:57 am

On a related note, WestJet annouced today:

WestJet Announces Common Share Offering from Treasury

http://biz.yahoo.com/ccn/020214/yqb2pyyvyz3cdgr_wa0sta_1.html

I must say, this has been one agressive airline of late. YYZ slots, launch of London flights, more deliveries - management is certainly doing their fair share.
 
Dash8King
Topic Author
Posts: 2657
Joined: Wed Nov 21, 2001 8:45 am

RE: Westjet To Add 737-800's

Fri Feb 15, 2002 8:28 am

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 700 is more likely to do that.

Has Westjet had any other aircraft on short term lease? I remember Southwest had 727's leased for short term just the for peak season
 
ont 737
Posts: 606
Joined: Fri Mar 23, 2001 10:19 am

RE: Westjet To Add 737-800's

Fri Feb 15, 2002 8:39 am

Any idea if the 738s are going to have winglets on them?
 
AirCanadaMan
Posts: 458
Joined: Sun Feb 27, 2000 4:42 am

RE: Westjet To Add 737-800's

Fri Feb 15, 2002 12:03 pm

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 trading around 15-16$, today, as mentioned, they pushed $29. (But for some weird reason, halted trading around 2:45....)

Anyways, I strongly doudt the 738's will have winglets, seeing they are from Delta, and they dont operate 738's with winglets.
 
Dash8King
Topic Author
Posts: 2657
Joined: Wed Nov 21, 2001 8:45 am

RE: Westjet To Add 737-800's

Fri Feb 15, 2002 12:43 pm

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 knowing that you are in YZF quite a bit like me, I e-mailed Westjet and they e-mailed me back within an hour like usual. I asked if they planned on serving YZF with one of the new aircraft and sorry to say but again they said no Sad
 
AirCanadaMan
Posts: 458
Joined: Sun Feb 27, 2000 4:42 am

RE: Westjet To Add 737-800's

Fri Feb 15, 2002 12:54 pm

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 constant combi flights, which is no longer the case). Anyways, basically he said that because Westjet would kill them, they would cut the north off of its precious cargo supply. (blah blah blah)

I bascially sat back in my chair and laughed. You know, as well as I, that WJ flights, if only offered once a day, or for that matter 3 days a week, would be full of the middle class, exactly what YZF is. (the miners, the natives, the blue collars) All the business travellers and wealthy tourisits would continue to use the other carriers, plus they could easily fill the fronts full of cargo.

Think how many people would love to go to YEG for the weekend, for shopping or a hockey game, especailly for sport teams. The dimaond mines, northerners visitng family in the west, heck, I'd fly them.

But, with the demise of C3 etc. etc, they have much better markets to serve, then little ole us.


(By the way, I live in YZF)
 
Dash8King
Topic Author
Posts: 2657
Joined: Wed Nov 21, 2001 8:45 am

RE: Westjet To Add 737-800's

Fri Feb 15, 2002 1:03 pm

Oh yeah, what school?