My Account Menu

CAPA Login

Register to trial CAPA Membership!

WestJet share issue raises speculation of a planned acquisition


WestJet announced plans to raise up to CAD172.5 million (USD160 million) in a share issue to help it fund future aircraft financing activities and for “general corporate purposes”. The unexpected share issue, which will reportedly dilute the carrier’s shares by approximately 12%, has fuelled speculation that WestJet is readying for its first acquisition. WestJet had a healthy cash balance of USD687 million as at Jun-2009. [1005 words]

Unlock the following content in this report:


  • Seeing continued yield weakness, but no further declines in demand
  • Slows fleet and growth plansĀ 
  • Continues to gain market share from rival
  • Southwest codeshare expected to be completed by 2010

Graphs and data:

  • WestJet share price growth: Jan-2009 to Sep-2009
  • WestJet traffic highlights: Aug-2009
  • WestJet fleet plan: Sep-2009
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.