WestJet Expands Fleet with Largest Boeing 737 MAX Jet, Ordering Up to 64 Fuel-efficient Airplanes

Rhea-AI Summary

Boeing (BA) and WestJet announced a significant order for 42 Boeing 737-10 aircraft, with options for an additional 22. This order emphasizes WestJet's commitment to expanding its fleet and meeting sustainability goals through advanced fuel efficiency and reduced emissions. The 737-10 is hailed for its capacity of up to 230 passengers and a range of 3,100 nautical miles, enhancing WestJet's competitive positioning. Boeing contributes approximately CAD 5.3 billion to the Canadian economy annually and supports over 20,000 jobs, showcasing its role in the aviation industry's growth in Canada.

Positive

• WestJet ordered 42 Boeing 737-10 aircraft with options for 22 more, supporting fleet expansion.
• The 737-10 boasts superior fuel efficiency and reduced emissions, aligning with sustainability goals.
• Boeing contributes CAD ~5.3 billion to Canada's economy annually, supporting over 20,000 jobs.

Negative

• None.

SEATTLE, Sept. 29, 2022 /PRNewswire/ -- Boeing [NYSE:BA] and WestJet today announced the airline is strengthening its commitment to the 737 MAX family with an order for 42 737-10s and options for an additional 22 jets. With industry-leading fuel efficiency and reliability, the 737-10 will enable the Canadian carrier to undertake an ambitious network expansion and meet its long-term sustainability goals.

"The 737-10 will be a game changer, with one of the lowest costs per seat among mid-range aircraft. This will foster our low-cost positioning and affordability for Canadians," said Alexis von Hoensbroech, WestJet Group chief executive officer. "In addition, with its lower fuel consumption and reduced emissions, the 737-10 will further improve the environmental footprint of our fleet."

Since launching its business with three 737s in 1996, WestJet has grown its all-Boeing fleet to more than 100 airplanes including the 737-8 and 787 Dreamliner. Including the 737-10, the Calgary-based carrier has more than 60 firm orders for the 737 MAX family.

"The 737-10 will provide WestJet with additional capacity and unrivalled efficiency as the airline expands its network of destinations across Canada and around the world," said Stan Deal, president and CEO of Boeing Commercial Airplanes. "We are proud that WestJet sees the value of the 737 MAX family and is adding the 737-10 to complement the 737-8 for outstanding capability, flexibility and improved sustainability."

Each 737-10 will reduce CO₂ emissions by millions of pounds per year compared to the airplanes it replaces, enabling greater sustainability. As Boeing's largest and most efficient single-aisle jet, the 737-10 seats up to 230 passengers with a range of 3,100 nautical miles. WestJet also has more than 15 737-8s in-service, carrying 178 passengers with a range up to 3,500 nautical miles. Together, the two models will enhance the airline's environmental performance for short- and medium-haul air travel.

With the expansion of its 737 MAX fleet, WestJet's order supports the growth of the aviation industry in Canada. The country is home to one of Boeing's largest international supply bases with more than 550 suppliers and partners. Boeing currently contributes CAD ~$5.3 billion in economic benefit to Canada annually, supporting more than 20,000 jobs. Boeing's Winnipeg fabrication site builds composite components for the 737 MAX and other Boeing models.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Contact       
Boeing Media Relations
media@boeing.com

Adam Mertz
International Sales Communications
Boeing Commercial Airplanes
+1 206-240-1786
adam.j.mertz@boeing.com

Jessica Kowal
Boeing Media Relations
+1 206-660-6849
jessica.m.kowal@boeing.com

April Crane
WestJet Communications
media@westjet.com

 

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SOURCE Boeing

FAQ

What is Boeing's stock symbol?

Boeing's stock symbol is BA.

How many 737 MAX aircraft did WestJet order from Boeing?

WestJet ordered 42 Boeing 737-10 aircraft with options for an additional 22.

What are the environmental benefits of the Boeing 737-10?

The Boeing 737-10 offers lower fuel consumption and reduced CO2 emissions compared to older models.

What is the significance of the 737-10 for WestJet?

The 737-10 will improve WestJet's capacity, efficiency, and sustainability for their network expansion.

When was the order for the Boeing 737-10 announced?

The order was announced on September 29, 2022.