FTAI Aviation acquires 27 older Boeing 737s from WestJet

FTAI Aviation completed a significant acquisition, purchasing 27 Boeing 737-700 aircraft from WestJet in what FTAI describes as its largest transaction to date. This move follows WestJet’s decision earlier this year to accelerate the retirement of its aging 737-700 fleet due to elevated fuel expenses. The deal represents a substantial investment for FTAI Aviation, bolstering their existing portfolio of aircraft. These particular jets are older models within WestJet's operations. FTAI Aviation intends to utilize these planes primarily for charter and cargo services, expanding their operational capabilities.