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WestJet signs a purchase agreement with Boeing for 65 Boeing 737 MAX aircraft

WestJet (Calgary) has announced it has entered into a definitive purchase agreement for 65 737 MAX aircraft from Boeing. This order was previously announced on August 29, 2013 as a letter of intent (LOI) to purchase.

This purchase agreement includes commitments for 25 MAX 7 and 40 MAX 8 aircraft with substitution rights to the 737 MAX 9, with deliveries scheduled from 2017 through 2027. As previously announced, the airline will substitute 15 of its existing Boeing Next-Generation 737 aircraft orders currently scheduled to deliver between December 2014 and 2018, with Boeing 737 MAX aircraft, for a net increase of 50 committed deliveries to its fleet plan. (See the updated Boeing Fleet Plan Schedule below).

Year WestJet Boeing Fleet Schedule
  Boeing 737 Commitments a b   Total 
Com
737-700 
Disp c
 Total   Lease 
Opts
 700   800  MAX 7 MAX 8
2013 - 2 - - 2 - 2 -
2014 - 7 - - 7 (5) 2     (3) e
2015 5 5 - - 10 (5) 5 (12)
2016 7 - - - 7 - 7 (8)
2017 1 - - 4 5 - 5 (6)
2018 - - - 7 7 - 7 (4)
2019 - - 2 10 12 - 12 (5)
2020 - - 4 2 6 - 6 (3)
2021 - - 2 3 5 - 5 (3)
2022 - - 1 4 5 - 5 -
   2023 f - - 1 4 5 - 5 -
  24-27   - - 15 6 21 - 21 -
Total 13 14 25 40 92 (10) 82 (44)
(a) As of September 26, 2013.
(b) WestJet also has options to purchase an additional 10 Boeing 737 MAX aircraft between the years 2020 and 2021.
(c) Sale of 10 Boeing 737-700 aircraft to Southwest Airlines as announced on May 7, 2013.
(d) WestJet has an option to convert any of these 737-700 Next Generation future commitments to 737-800 Next Generation aircraft.
(e) WestJet expects to renew one of the three lease renewal options on its Boeing 737 aircraft set to expire in 2014.
(f) Based on total commitments and lease renewal options, WestJet’s fleet could be as large as 162 737 Boeing aircraft or as few as 120 737 Boeing aircraft by 2023.

Copyright Photo: Michael B. Ing. WestJet is selling 10 Boeing 737-700s to Southwest Airlines and will phase out the type in 2017. Boeing 737-7CT C-GWJO (msn 33969) approaches the runway at Los Angeles International Airport.

WestJet: AG Slide Show

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