In the first-of-its-kind partnership, the WestJet Group and the Government of Alberta have come together to develop the aviation ecosystem in the region. As a part of the deal, WestJet will invest aircraft capacity, with an asset value in excess of seven billion dollars, in Calgary alone, through significant fleet commitments to be based within the province.
Alexis von Hoensbroech, Chief Executive Officer, WestJet Group, said: “Alberta has been WestJet's home for 26 years and today's historic agreement builds upon an existing foundation of low taxes and investment-friendly policies. As Western Canada's home team carrier, Alberta is an area where we want to continue to invest to secure WestJet's thriving future. Today is a proud day for our organization as we continue to strengthen our home province with four distinct advantages: affordability, sustainability, infrastructure, and people. This agreement is a testament to WestJet's commitment to our global hub airport in Calgary, as investments like this can only occur in the right commercial and operational environments. YYC Calgary International Airport is providing us that confidence and with these investments, Calgary can become North America's most connected mid-sized city."
Jason Kenney, Premier of Alberta, said: “This is a blockbuster day for Alberta and a game-changer for our economy. Diversification and economic development are happening right here in Alberta. By choosing Calgary as its single global hub, locating its entire Dreamliner fleet here, and increasing its annual seat capacity by 80%, WestJet will massively improve global connectivity, tourism, and options for passengers."
Going ahead, WestJet will also designate YYC Calgary International Airport as its single global connecting hub and will concentrate all intercontinental 787 Dreamliner flying in Calgary, unlocking opportunities for new routes within North America, to Europe, with the potential to reach Asia. Alongside the 787s, WestJet will grow its mid-range fleet and strengthen its North American offerings, with its commitment to double capacity in Calgary before the end of the decade.
In addition to Calgary, WestJet plans to grow its network across other Canadian communities, strengthening its footprint in the east and in leisure travel across the entire country, consistent with its strategic plan released in June 2022 and its recent purchase announcement of 42 Boeing 737-10 MAX aircraft.