WestJet (WS, Calgary) will sell six B737-800s to Dublin-based aircraft leasing company Genesis Aircraft Services in a sale and leaseback transaction. The deal was announced via a December 22, 2023, statement from both parties.
"We look forward to further supporting WestJet as their fleet continues to grow over the coming years," said Genesis CEO Karl Griffin.
"“With strong intentions to grow our B737 fleet in the coming years, we appreciate Genesis' support of WestJet's ongoing fleet plans," said WestJet's Vice President of Fleet and Treasury, Aaron McKay.
The transaction is the first piece of business concluded between the two parties, with WestJet becoming Genesis's 32nd customer. The lessor, a subsidiary of Barings, has 55 narrowbody aircraft from both Airbus and Boeing on its books. Other customers include Wizz Air and Avelo Airlines.
WestJet operates forty-six B737-800s among its broader fleet of 176 aircraft. Its other fleet types include forty B737-700s, thirty-two B737-8s, four B737-800(BCF)s, seven B787-9s, and forty-seven DHC-8-Q400s. The carrier also has forty-eight B737-10s and fourteen B737-8s on order.
