Westjet 2013 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2013 Westjet annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 98

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98

WestJet Annual Report 2013 38
The following table illustrates our Boeing 737 NG, Boeing MAX and Bombardier Q400 fleet as at December 31, 2013 and
December 31, 2012, as well as our firm commitments by year to 2017, by three-year period from 2018 to 2023, for the four-
year period between 2024 and 2027, and the potential fleet size at the end of 2027:
Dec. 31,
2012
Dec. 31,
2013 2014 2015 2016 2017 2018-
2020
2021-
2023
2024-
2027 Total 2027
Boeing
737-600 NG 13 13 ― ― ― ― ― ― ― ― 13
737-700 NG 69 69(iii) ― 5(ii) 7(ii) 1(ii) ― ― ― 13 82
737-800 NG 18 23(iv) 7 5 ― ― ― ― ― 12 35
737 MAX 7(i)(iv)(v) ― ― ― ― ― ― 6 4 15 25 25
737 MAX 8(i)(iv)(v) ― ― ― ― ― 4 19 11 6 40 40
Bombardier
Q400 (vi) ― 8 8 4 ― ― ― ― ― 12 20
100 113 15 14 7 5 25 15 21 102 215
Disposals(vii) ― ― (5) (5) ― ― ― ― ― (10) (10)
Total fleet with lease
renewals 100 113 10 9 7 5 25 15 21 92 205
Lease expiries(viii) ― ― (3) (12) (8) (6) (12) (3) ― (44) (44)
Total fleet without lease
renewals 100 113 7 (3) (1) (1) 13 12 21 48 161
(i) We have options to purchase an additional 10 Boeing 737 MAX aircraft between the years 2020 and 2021.
(ii) We have an option to convert any of these Boeing 737 NG 700 future commitments to Boeing 737 NG 800 aircraft.
(iii) At December 31, 2013, of the 69 Boeing 737 NG 700 aircraft in our fleet, 30 are leased (2012 – 30) and 39 are owned (2012 - 39).
(iv) At December 31, 2013, of the 23 Boeing 737 NG 800 aircraft in our fleet, 14 are leased (2012 – 14) and 9 are owned (2012 – 4).
(v) WestJet’s Boeing 737 MAX 7 and MAX 8 aircraft orders can each be substituted for the other model of aircraft, or for Boeing 737 MAX 9 aircraft.
(vi) We have options to purchase an additional 25 Bombardier Q400 aircraft between the years 2015 and 2018.
(vii) Sale of 10 of our oldest Boeing 737 NG 700 aircraft to Southwest Airlines.
(viii) Subsequent to year end in January 2014, we extended one of the three leases previously scheduled to be returned in 2014 and expect to extend the other
two.