WestJet finalises aircraft leasing agreement with BOC Aviation

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WestJet (Toronto:WJA.TO) has finalised a term sheet with BOC Aviation Pte Ltd (BOC Aviation), formerly known as Singapore Aircraft Leasing Enterprise (SALE), for three Boeing Next-Generation 737 aircraft to be delivered in 2010.

WestJet also said details of the agreement include two 700-series aircraft scheduled for delivery in January and June 2010, respectively, and one 800-series aircraft to be delivered in May 2010.

Additionally, the BOC Aviation agreement allows WestJet to secure an additional two 700-series and one 800-series aircraft in 2011. The 700-series may be converted to 800-series at WestJet's option. The carrier said that finalisation of the transaction is subject to a number of conditions.

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