WestJet announces definitive purchase agreement for 65 737 MAX aircraft

WestJet entered (26-Sep-2013) into a definitive purchase agreement with Boeing for 25 737 MAX 7 and 40 737 MAX 8 aircraft, valued at USD6.3 billion at list prices. The aircraft will be powered by CFM International LEAP-1B engines, with delivery scheduled to commence in 2017. The order was previously announced on 29-Aug-2013 as a letter of intent to purchase, and includes substitution rights to the 737 MAX 9. The carrier will substitute 15 existing 737 orders scheduled for delivery between Dec-2014 and Dec-2018. WestJet will receive four 737 MAX aircraft in 2017, eight in 2018, 12 in 2019, six in 2020 and the remainder between 2021 and 2027. WestJet president and CEO Gregg Saretsky said: "We are pleased to announce the finalisation of the MAX purchase agreement and look forward to being among the first North American airlines to fly the 737 MAX in 2017. The increased fuel efficiency and enhanced in-cabin amenities provided by the Boeing 737 MAX will contribute to both lower operating costs and a remarkable inflight guest experience which is supportive of our low-cost business model and combined with our lease renewal options, maintains our fleet plan flexibility going forward." Boeing Commercial Airplanes VP of North American sales Brad McMullen said: "The 737 MAX is an excellent complement to the WestJet fleet and its low-cost business model. The airplane's efficiency, reliability and passenger amenities will enable WestJet to continue to provide its customers high-quality service at a low cost." [more - original PR - WestJet] [more - original PR - Boeing]