Westjet continue to build their fleet after finalising an agreement with S.A.L.E. to lease 4 more 737s of which 3 are 73Gs and the other a 738. By the end of 2008 their fleet should consist of 76 737s
CALGARY, ALBERTA--(CCNMatthews - July 20, 2006) - WestJet (TSX:WJA) today announced that it has finalized a term sheet with Singapore Aircraft Leasing Enterprise (SALE) for four Boeing Next-Generation 737 aircraft to be delivered in late 2007 and early 2008.
Details of the agreement include one 700-series aircraft scheduled for delivery in November, 2007, in addition to one 800-series aircraft and two 700-series aircraft scheduled for delivery in the first and second quarter of 2008 respectively. The agreement also provides WestJet with the ability to secure three 700-series and one 800-series aircraft for delivery in 2009. The 700 series may be converted to 800-series at WestJet's option. Finalization of the transaction is subject to a number of conditions.
Still doing well for themselves and it's good to see them still expanding their fleet.