WJA adds long-range 767s

Article Excerpt

WESTJET AIRLINES $30.27 (Toronto symbol WJA; TSINetwork Rating: Extra Risk) (1- 877-493-7853; www.westjet.com; Shares outstanding: 127.8 million; Market cap: $3.9 billion; Dividend yield: 1.9%) has taken delivery of its first Boeing 767 wide-body aircraft and says the plane will begin flights between Alberta and Hawaii in December 2015. WestJet has ordered three more 767s for delivery later this year. The bigger planes will offer greater range than the company’s current fleet of Boeing 737s and let it compete with Air Canada on international routes. Right now, WestJet flies to Dublin, Ireland, at the maximum range of its 737s. The new 767s will let it serve additional European cities, as well as South America or Asia. WestJet is a buy. buy. …