News Releases

WestJet Finalizes Term Sheet for Two Additional Aircraft

CALGARY, Jan. 11 /CNW/ - WestJet (TSX:WJA) today announced that it has
finalized a term sheet with Singapore Aircraft Leasing Enterprise (SALE) for
two Boeing Next-Generation 737 aircraft to be delivered in 2009. Details of
the agreement include two 700-series aircraft scheduled for delivery in July
and August 2009.
These aircraft are part of an earlier agreement with SALE that provided
WestJet with the ability to secure an additional three 700-series and one
800-series aircraft in 2009. With the addition of these aircraft, the company
still has the ability to secure the remaining two aircraft at a later date.
Finalization of the transaction is subject to a number of conditions.
"WestJet is pleased to secure two aircraft from SALE in order to continue
our expansion plans throughout 2009," said Sean Durfy, President. "Execution
of our growth strategy relies on the profitable deployment of seat capacity
into our existing and new destinations. Our strong partnership with SALE,
which now accounts for 11 of our planned aircraft deliveries, is an important
part of this strategy."
WestJet currently has a registered fleet of 63 aircraft, with committed
deliveries scheduled for the remainder of 2007 through to 2009. By the end of
2009, WestJet will have a registered fleet of 83 aircraft.

WestJet is Canada's leading low-fare airline offering scheduled service
throughout its 35-city North American and Caribbean network. Named Canada's
most admired corporate culture in 2006, WestJet pioneered low-cost high-value
flying in Canada. With increased legroom and leather seats on its modern fleet
of Boeing Next-Generation 737 aircraft, and live seatback television provided
by Bell ExpressVu on the majority of its fleet, WestJet strives to be the
number one choice for travellers.