Tag Archives: WestJet Airlines

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:

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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:

WestJet to expand its code share with Air France for flights out of Paris CDG

"Clive Beddoe"

WestJet today announced that guests now have convenient access from Paris’ Charles de Gaulle Airport (CDG) to seven cities in France, Italy and Greece through an expansion to its codeshare relationship with Air France.

The enhanced partnership also provides greater access to Canada for travellers originating from these European points.

Starting today, guests travelling on WestJet’s service to Paris’ Charles de Gaulle Airport (CDG) can connect on WestJet codeshare flights operated by Air France to Brest, Biarritz and Montpellier, France along with Italy’s Venice, Milan and Rome and Athens, Greece. Future phases will expand WestJet codesharing on Air France operated flights via Paris to additional countries including Austria, Germany and Portugal.

WestJet’s inaugural Dreamliner flight between Calgary and Paris’ Charles de Gaulle Airport is set to take-off on May 17, 2019. Flights between the two cities are offered on WestJet’s brand-new 787-9 Dreamliner featuring WestJet’s Business Cabin including lie-flat pods, dining on demand and WestJet’s award-winning caring service.

WestJet and Air France have been codeshare partners since 2013 and the airlines have offered Air France Flying Blue and WestJet Rewards members the reciprocal ability to earn and redeem loyalty rewards since 2017.

Top Copyright Photo (all others by the airline): WestJet Airlines Boeing 787-9 Dreamliner C-GUDH (msn 64974) YYC (Chris Sands). Image: 946312.

WestJet aircraft slide show:

WestJet to comply with the grounding of the Boeing 737-8 MAX 8 fleet

WestJet Airlines Boeing 737-8 MAX 8 C-GZSG (msn 60516) LAX (Michael B. Ing). Image: 944945.

WestJet today announced that we are complying with Transport Canada’s decision to temporarily ground the Boeing 737 MAX fleet. The announcement was made by Transport Minister Marc Garneau this morning in Ottawa.

We respect the decision made by Transport Canada and are in the process of grounding the 13 MAX aircraft in our fleet. This decision has an impact on the travel plans of our WestJet guests and we ask for understanding as we work to rebook all guests affected as quickly as possible.

We have 162 aircraft or more than 92 per cent of our overall fleet that remain in service. Guests can book with confidence knowing that we continue to fly throughout the network with the safety of guests and employees at the forefront.

We are contacting impacted guests to arrange for alternate travel plans.

Top Copyright Photo: WestJet Airlines Boeing 737-8 MAX 8 C-GZSG (msn 60516) LAX (Michael B. Ing). Image: 944945.

WestJet aircraft slide show:

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WestJet arrives in Atlanta

WestJet Airlines Boeing 737-8 MAX 8 C-FNWD (msn 60517) LAX (Michael B. Ing). Image: 945667.

WestJet on March 3 became the only airline connecting Calgarians nonstop to Atlanta, GA., when its inaugural flight between Calgary International Airport (YYC) and Hartsfield–Jackson Atlanta International Airport (ATL) departed at 9:55 a.m. local time.

 

Atlanta (below) is the 65th destination WestJet serves nonstop from Calgary.  WestJet already serves more destinations with more nonstop flights from Calgary than any other airline.

WestJet, via its codeshare partner Delta, offers access to an extensive list of U.S. destinations including the southeastern United States and Gulf Coast and cities such as Memphis, TN, Charleston, SC, New Orleans, LA, Savannah, GA., Pensacola and Panama City, FL.

Details of WestJet’s service between Calgary and Atlanta:

Route Frequency Departing Arriving Effective
Calgary –  Atlanta Six times weekly* 9:55 a.m 4:08 p.m March 3, 2019
Atlanta – Calgary Six times weekly* 5:00 p.m 7:39 p.m March 3, 2019
*Daily starting April 7, 2019

WestJet and Delta Air Lines have signed a definitive agreement to create a comprehensive transborder joint venture arrangement that will offer travellers an expanded network within Canada and the U.S., frequent flyer benefit reciprocity, lounge access and joint corporate discounts. The proposed joint venture agreement is subject to regulatory approvals in the United States and Canada.

Top Copyright Photo: WestJet Airlines Boeing 737-8 MAX 8 C-FNWD (msn 60517) LAX (Michael B. Ing). Image: 945667.

WestJet aircraft slide show: