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WestJet agrees to buy 65 Boeing 737 MAXs

Canadian carrier WestJet (TSX: WJA) said it has entered into a definitive purchase agreement for 65 737 MAX aircraft from US airframer Boeing (NYSE: BA).

This order was previously announced on August 29, 2013 as a letter of intent to purchase, the carrier said.

Westjet said that the purchase agreement includes commitments for 25 MAX 7 and 40 MAX 8 aircraft with substitution rights to the 737 MAX 9, with deliveries scheduled from 2017 through 2027.

The carrier will substitute 15 of its existing Boeing Next-Generation 737 aircraft orders currently scheduled to deliver between December 2014 and 2018, with Boeing 737 MAX aircraft, for a net increase of 50 committed deliveries to its fleet plan.

WestJet offers scheduled service to 87 destinations in North America, Central America and the Caribbean.

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