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WestJet completes sale of 737-200 fleet

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  • MapleLeaf_330
    Senior Member
    • Jan 2000
    • 473

    WestJet completes sale of 737-200 fleet


    CALGARY WestJet Airlines has completed the sale of its 10 remaining Boeing 737-200 jets, as well as related spare parts, engines and a flight simulator for training pilots, to Miami-based Apollo Aviation Group.

    Financial terms of the transaction weren't announced today in a release.

    The sale is part of WestJet's transition to a newer model of Boeing 737 jets, which are more fuel-efficient than the older 737-200s and equipped with amenities such as leather seats and live satellite televisions mounted in the seat backs.

    The airline (TSX: WJA) operates 44 Next-Generation Boeing 737 aircraft in its fleet of 54 aircraft and 10 of the 737-200s, which will be phased out of the WestJet fleet by next March.

    WestJet executive vice-president Tim Morgan said the 737-200s ``were a determining factor in the success of our airline for many years, and helped to establish WestJet as Canada's premier airline for low-fare, high-value service."

    Many analysts have attributed WestJet's use of a single type of plane requiring a smaller inventory of spare parts as one of its competitive advantages

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