Tag Archives: WestJet Airlines

WestJet launches 787 Dreamliner service to Maui

WestJet Airlines Boeing 787-9 Dreamliner C-GURP (msn 64975) YYZ (TMK Photography). Image: 946083.

WestJet’s Boeing 787 Dreamliner yesterday (October 31) carried guests for the first time between Calgary and Maui providing Hawaii-loving travelers the opportunity to experience WestJet’s state-of-the-art aircraft and award-winning guest experience while flying over the Pacific.

WestJet is the Canadian airline with the most flights to Hawaii and this winter will operate up to 54 weekly flights to four destinations. During peak season, the airline will operate 22 weekly flights between Western Canada and Maui and up to 28 weekly flights between Vancouver and Honolulu, Lihue and Kona.

Photo: Adrian Edwards via WestJet.

The WestJet Dreamliner features 320 seats in three cabins: Business, Premium and Economy, all of which contain a high-level of comfort and WestJet’s award-winning guest service. The Dreamliner’s Business cabin features all-aisle-access, lie-flat seats with on-demand dining and entertainment. The upscale Premium cabin is the ideal combination of comfort, value and guest service including a separate cabin, elevated meal service and signature welcome perks featuring sparkling wine and an amenity case. WestJet’s improved Economy cabin features on-demand inflight entertainment, blankets and pillows and complimentary food and beverages with a select number of extra legroom seats available for purchase.

Details of WestJet’s current service between Calgary and Maui (OGG):

Route Frequency Departing Arriving Effective
Calgary-Kahului* Up to six-times
weekly
11 a.m. 2:27 p.m. October 31, 2019
Kahului-Calgary* Up to six-times
weekly
10:30 p.m. 7:14 a.m. (+1) October 31, 2019
*Departure times may vary by day of week

Top Copyright Photo: WestJet Airlines Boeing 787-9 Dreamliner C-GURP (msn 64975) YYZ (TMK Photography). Image: 946083.

WestJet aircraft slide show:

WestJet launches Toronto – London Gatwick 787 service

WestJet's third Boeing 787-9 Dreamliner

WestJet’s state-of-the-art aircraft, the Boeing 787-9 Dreamliner, today will be operating its inaugural Toronto-London (Gatwick) route giving guests on both sides of the Atlantic the opportunity to experience the airline’s new Business and Premium service between two large financial and tourism centers.

WestJet’s daily, year-round Dreamliner service replaces the airline’s existing Toronto-London service operated on the Boeing 767 and complements WestJet’s existing Calgary-London (Gatwick) and the recently announced Vancouver-London (Gatwick) Dreamliner service, which starts April 26, 2020.

The WestJet Dreamliner features 320 seats in three cabins: Business, Premium and Economy, all of which contain a high-level of comfort and WestJet’s award-winning guest service. The Dreamliner’s Business cabin features all-aisle-access, lie-flat seats with on-demand dining and entertainment. The upscale Premium cabin is the ideal combination of comfort, value and guest service including a separate cabin, elevated meal service and signature welcome perks including an amenity case. WestJet’s improved Economy cabin features on-demand inflight entertainment, blankets and pillows and complimentary food and beverages with a select number of extra legroom seats available for purchase.

Top Copyright Photo: WestJet Airlines Boeing 787-9 Dreamliner C-GUDO (msn 64976) PAE (Nick Dean). Image: 945898.

WestJet aircraft slide show:

WestJet to add more Boeing 787 Dreamliner service in 2020

WestJet Airlines Boeing 787-9 Dreamliner C-GURP (msn 64975) YYZ (TMK Photography). Image: 947972.

WestJet today announced its guests in Calgary, Vancouver and Toronto will benefit from more domestic and transatlantic 787-9 Dreamliner service for summer 2020, giving the airline’s guests more opportunity to experience WestJet’s new Business Premium and Economy cabins on the state-of-the-art aircraft.

Dreamliner schedule highlights:

  • Earlier Dreamliner service between London, Gatwick and Calgary, operating daily as of April 14, 2020.
  • Year-round daily service between Toronto and London, Gatwick on the Dreamliner.
  • Daily seasonal summer Dreamliner service between Vancouver and London, Gatwick commences on April 26, 2010.
  • Domestic year-round 787 service between Calgary and Toronto beginning in June.
  • Transatlantic Dreamliner service between Paris and Calgary resumes March 12, 2020.

Photo: Adrian Edwards.

WestJet will receive three additional Boeing Dreamliners in 2020 bringing the airline’s total to six of up to 20.

The WestJet Dreamliner features 320 seats in three cabins: Business, Premium and Economy, all of which contain a high-level of comfort and WestJet’s award-winning guest service. The Dreamliner’s Business cabin features all-aisle-access, lie-flat seats with on-demand dining and entertainment. The upscale Premium cabin is the ideal combination of comfort, value and guest service including a separate cabin, elevated meal service and signature welcome perks featuring champagne and an amenity case. WestJet’s improved Economy cabin features on-demand inflight entertainment, blankets and pillows and complimentary food and beverages with a select number of extra legroom seats available for purchase.

Details of WestJet’s 787 summer service:

Route

Frequency

Departing

Arriving

Effective

Calgary-Paris

Four-times weekly

7:35 p.m.

12:20 p.m. (+1)

March 12, 2020

Calgary-Toronto

Daily

8:30 a.m.

1:56 p.m.

Daily as of June

Calgary-Dublin

Three-times weekly

8:45 p.m.

11:36 a.m. (+1)

May 30, 2020

Calgary-London, Gatwick

Daily

7:50 p.m.

11:20 a.m. (+1)

April 14, 2020

Vancouver-London, Gatwick

Daily

5:25 p.m.

10:30 a.m. (+1)

April 26, 2020

London, Gatwick-Vancouver

Daily

10:55 a.m.

12:27 p.m.

April 27, 2020

Toronto-London, Gatwick

Daily

8:45 p.m.

9:00 a.m. (+1)

October 23, 2019

London, Gatwick-Toronto

Daily

12:35 p.m.

3:54 p.m.

October 24, 2019

Toronto-Calgary

Daily

4:00 p.m.

6:00 p.m.

Daily as of June

Top Copyright Photo: WestJet Airlines Boeing 787-9 Dreamliner C-GURP (msn 64975) YYZ (TMK Photography). Image: 947972.

WestJet aircraft slide show:

WestJet adds the Calgary – Dublin route

WestJet Airlines Boeing 787-9 Dreamliner C-GURP (msn 64975) YYZ (TMK Photography). Image: 946082.

WestJet made this announcement:

With the departure of flight WS6 late on June 1, WestJet becomes the only airline operating a nonstop route between Calgary and Dublin. The airline’s newest route provides historic access between Western Canada and Ireland and is the last of three Boeing 787 Dreamliner inaugurals that are central to WestJet’s global strategy and focus on Calgary as its initial Dreamliner hub.

WestJet’s newest Dreamliner route adds to its existing 787-9 flights between Calgary, Paris and London (Gatwick), supporting tourism and trade between Europe and Canada. In addition, WestJet’s Calgary-Dublin service complements its existing seasonal Halifax-Dublin route. WestJet has been operating flights to Dublin from Eastern Canada since 2014.

Flights between Calgary and Dublin are operated by the airline’s fleet of 320-seat, Boeing 787-9 Dreamliner aircraft featuring WestJet’s business, premium and economy cabins.

By June 2019, WestJet will offer flights to 67 nonstop destinations with an average of 975 flights per week from Calgary. More Calgarians choose WestJet for their air travel than any other airline.

Details of WestJet’s new non-stop Dreamliner service:

Route Frequency Departing Arriving Effective
Calgary – Dublin 3X weekly

(Wed., Sat., Sun.)

8:45 p.m. 11:36 a.m. +1 June 1 to October 5, 2019
Calgary – Dublin 2x weekly
(Wed. and Sat.)
8:45 p.m. 11:36 a.m. +1 October 6 to October 19, 2019
Route Frequency Departing Arriving Effective
Dublin – Calgary 3X weekly (Mon., Thu., Sun.) 1:40 p.m. 3:02 p.m. June 2 to October 6, 2019
Dublin – Calgary 2X weekly (Thu., Sun.) 1:40 p.m. 3:02 p.m. October 7 to October 20, 2019

Top Copyright Photo: WestJet Airlines Boeing 787-9 Dreamliner C-GURP (msn 64975) YYZ (TMK Photography). Image: 946082.

WestJet aircraft slide show:

WestJet to fly the Dreamliner to Maui

WestJet's third Dreamliner

WestJet today revealed its winter Boeing 787-9 Dreamliner schedule, announcing the state-of-the-art aircraft will now fly between Calgary and Maui and will operate an additional day to London (Gatwick) this winter.

As part of the schedule release, WestJet also announced the 787-9 Dreamliner will be operate daily service between Toronto and London (Gatwick) starting October 23, 2019.

WestJet flies between Calgary and Maui up to six times weekly, or up to four times weekly on the Dreamliner, with service launching October 31, 2019. In addition, WestJet’s Dreamliner will operate between Calgary and London (Gatwick) four times weekly starting October 27, 2019. WestJet currently flies daily between Calgary and Gatwick. WestJet already serves more destinations with more flights from Calgary than any other airline, and these additions augment WestJet’s continued investment growth in the Calgary and Alberta economies.

The WestJet Dreamliner features 320 seats in three cabins: business, premium and economy, all of which contain a high-level of comfort and WestJet’s award-winning guest service. The Dreamliner’s Business cabin features all-aisle-access, lie-flat seats with on-demand dining and entertainment. The upscale Premium cabin is the ideal combination of comfort, value and guest service including a separate cabin, elevated meal service and signature welcome perks featuring champagne and amenity case. WestJet’s improved Economy cabin features on-demand inflight entertainment, blankets and pillows and complimentary food and beverages with a select number of extra legroom seats available for purchase.

 Route Frequency Departing Arriving Effective
Calgary – Kahului Up to six-
times
weekly
11 a.m 2:27 p.m October 31,
2019
Kahului – Calgary Up to six-
times
weekly
10:30 p.m 7:14 a.m.+1 October 31,
2019
Calgary – London
(Gatwick)
Four-times
weekly
7:45 p.m 11:20 a.m.+1 October 27,
2019
London (Gatwick) –
Calgary
Four-times
weekly
1:20 p.m 3:25 p.m October 28,
2019
Toronto – London
(Gatwick)
Daily 8:50 p.m 9:10 a.m.+1 October 23,
2019
London (Gatwick) –
Toronto
Daily 11:10 a.m 1:57 p.m October 24,
2019

Top Copyright Photo: WestJet Airlines Boeing 787-9 Dreamliner C-GUDO (msn 64976) PAE (Nick Dean). Image: 945843.

WestJet aircraft slide show:

WestJet is be sold to the Onex Corporation becoming a privately-held airline

WestJet Airlines Boeing 787-9 Dreamliner C-GUDO (msn 64976) YYZ (TMK Photography). Image: 946160.

WestJet has made this big announcement:

WestJet Airlines Ltd. announced today it has entered into a definitive agreement that provides for its acquisition in an all-cash transaction. Under the terms of the agreement, Onex Corporation and its affiliated funds will acquire all outstanding shares of WestJet for $31.00 per share, after which WestJet will operate as a privately-held company. The purchase price represents a 67% premium to Friday’s closing share price and a 63% premium to WestJet’s 20-day volume-weighted average trading price. The transaction value is approximately $5 billion including assumed debt.

“Since our first flight in 1996, WestJet has been singularly focused on providing better options for the Canadian travelling public and this transaction retains that commitment,” said Clive Beddoe, WestJet’s Founder and Chairman. “I am particularly pleased that WestJet will remain headquartered in Calgary and will continue to build on the success that our 14,000 WestJetters have created. Onex’ aerospace experience, history of positive employee relations and long-term orientation makes it an ideal partner for WestJetters, and I am excited about our future.”

“WestJet is one of Canada’s strongest brands and we have tremendous respect for the business that Clive Beddoe and all WestJetters have built over the years. WestJet is renowned internationally for its unparalleled guest experience and employee culture. We’re thrilled to be partnering with WestJetters and continuing this remarkable Canadian success story,” said Tawfiq Popatia, a Managing Director at Onex.

Ed Sims, WestJet’s President and Chief Executive Officer, said, “We are delighted to continue the journey of building an airline based on a growing network, providing competitive airfares and more choice to, from and within Canada, for communities large and small. Integral to this relationship is a commitment to our employees, and our unique ownership-driven culture.”

The investment will be led by Onex Partners, Onex’ private equity platform focused on larger investment opportunities.

Recommendation of the WestJet Board of Directors

Following an approach by Onex in March 2019, the WestJet board of directors formed a special committee of independent directors to provide the Board with its advice and recommendations with respect to the proposal from Onex and the transaction, and to supervise the negotiation of the terms and conditions of the transaction. After an extensive review of the proposed transaction, the special committee provided its unanimous recommendation of the transaction to the WestJet board of directors. The WestJet board of directors, having received and considered the recommendation of the special committee, determined that the transaction is in the best interests of WestJet and unanimously recommends that WestJet shareholders vote in favour of the transaction at the special meeting of shareholders to be held to approve the transaction.

Each of CIBC Capital Markets and BofA Merrill Lynch has provided the WestJet board of directors with an opinion to the effect that, as of May 12, 2019, the consideration to be received by holders of WestJet shares in the transaction was fair, from a financial point of view, to such holders, in each case subject to the respective limitations, qualifications, assumptions and other matters set forth in such opinions.

Each of the directors and executive officers of WestJet has entered into a voting support agreement pursuant to which each has committed to vote in favour of the transaction.

Additional Transaction Details

Equity financing will be led by Onex Partners.

The transaction is to be completed by way of an arrangement under the Business Corporations Act (Alberta). Completion of the transaction is subject to a number of conditions, including court and shareholder approval and receipt of certain regulatory approvals, including approval under the Canada Transportation Act. The approval under the Canada Transportation Act involves a determination by the Minister of Transport which entails an assessment of the public interest as it relates to national transportation. Assuming the timely receipt of regulatory approvals, the transaction is expected to close in the latter part of 2019 or early 2020.

WestJet expects to mail an information circular in late June 2019 for a special meeting of its shareholders expected to be held in July 2019 to approve the transaction.

The arrangement agreement for the transaction includes customary provisions relating to non-solicitation, subject to customary “fiduciary out” provisions that entitle WestJet to consider and accept a superior proposal if the purchaser does not match the superior proposal. WestJet has agreed to pay a fee to the purchaser upon the termination of the agreement in certain circumstances. The purchaser has agreed to pay a fee to WestJet if, after all other conditions to the closing of the transaction have been satisfied or waived, the purchaser is not in a position to fund the closing of the transaction.

WestJet is permitted to continue paying its regular quarterly cash dividend consistent with its dividend policy and past practice until closing.

Further details regarding the terms of the transaction are set out in the arrangement agreement, which will be publicly filed by WestJet under its profile at www.sedar.com. Additional information regarding the terms of the arrangement agreement and the background of the transaction will be provided in the information circular for the special meeting of shareholders.

Advisors

CIBC Capital Markets is acting as financial advisor to WestJet. BofA Merrill Lynch has provided financial advisory services to the WestJet board of directors. Blake, Cassels & Graydon LLP is serving as legal advisor to WestJet and Norton Rose Fulbright Canada LLP is serving as independent legal advisor to the special committee of WestJet’s board.

Goodmans LLP is acting as Canadian legal advisor to Onex and Fried, Frank, Harris, Shriver & Jacobson LLP is serving as U.S. legal advisor to Onex. DLA Piper (Canada) LLP is serving as Onex’ aviation regulatory counsel. Barclays is acting as lead financial advisor and lending bank to Onex with additional advisory and financing provided by Morgan Stanley and RBC Capital Markets.

Top Copyright Photo (all others by the airline): WestJet Airlines Boeing 787-9 Dreamliner C-GUDO (msn 64976) YYZ (TMK Photography). Image: 946160.

WestJet aircraft slide show:

WestJet reports a 33.4% increase in first quarter net earnings

WestJet Airlines Boeing 787-9 Dreamliner C-GUDO (msn 64976) YYZ (TMK Photography). Image: 946441.

WestJet today announced its first quarter results for 2019, with net earnings of $45.6 million, or $0.40 per fully diluted share compared with net earnings of $34.2 million, or $0.30 per fully diluted share reported in the first quarter of 2018.

“We remain confident in our strategic direction and continue to see positive trends as a result of our prudent growth and the strategic initiatives we are undertaking.” said Ed Sims, WestJet President and CEO. “I want to thank all of our guests for their continued loyalty and all WestJetters for their on-going commitment to providing an award-winning service through a busy first quarter.”

Operating highlights (stated in Canadian dollars)

Q1 2019 Q1 2018 Change
Net earnings (millions) $45.6 $34.2 33.4%
Diluted earnings per share $0.40 $0.30 33.3%
Total revenue (millions) $1,257.7 $1,191.7 5.5%
Operating margin 4.8% 5.1% (0.3 pts)
ASMs (available seat miles) (billions) 8.456 8.029 5.3%
RPMs (revenue passenger miles) (billions) 7.168 6.810 5.3%
Load factor 84.8% 84.8% 0.0 pts
Segment guests 6,282,781 6,088,954 3.2%
Yield (revenue per revenue passenger mile)
(cents)
17.55 17.50 0.3%
RASM (revenue per available seat mile)
(cents)
14.87 14.84 0.2%
CASM (cost per available seat mile) (cents) 14.16 14.08 0.6%
Fuel costs per litre (cents) 77 73 5.5%
CASM, excluding fuel and employee profit
share (cents)*
10.59 10.50 0.9%
*Refer to reconciliations in the accompanying tables for further information regarding calculations.

Top Copyright Photo: WestJet Airlines Boeing 787-9 Dreamliner C-GUDO (msn 64976) YYZ (TMK Photography). Image: 946441.

WestJet aircraft slide show: