WestJet completes sale of 737-200 fleet

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FROM CANADIAN PRESS CALGARY — WestJet Airlines has completed the sale of its 10 remaining Boeing 737-200 jets, as well as related spare parts, engines and a flight simulator for training pilots, to Miami-based Apollo Aviation Group. Financial terms of the transaction weren't announced today in a release. The sale is part of WestJet's transition to a newer model of Boeing 737 jets, which are more fuel-efficient than the older 737-200s and equipped with amenities such as leather seats and live satellite televisions mounted in the seat backs. The airline (TSX: WJA) operates 44 Next-Generation Boeing 737 aircraft in its fleet of 54 aircraft and 10 of the 737-200s, which will be phased out of the WestJet fleet by next March. WestJet executive vice-president Tim Morgan said the 737-200s ``were a determining factor in the success of our airline for many years, and helped to establish WestJet as Canada's premier airline for low-fare, high-value service." Many analysts have attributed WestJet's use of a single type of plane — requiring a smaller inventory of spare parts — as one of its competitive advantages
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