1-Oct-2009 8:54 AM

WestJet completes equity offering

WestJet announced (30-Sep-2009) it has completed its previously announced equity offering. WestJet intends to use the proceeds to finance:

  • Capital expenditure: Including future aircraft financing activities and pre-delivery payments on new aircraft;
  • General working capital purposes: Including aircraft maintenance, spare parts and support for new systems;
  • Maintain capital position: "To enhance flexibility for financing future growth activities". [more]