FTAI Aviation Buys 27 WestJet 737s to Expand Engine Inventory

FTAI Aviation acquired 27 Boeing 737-700 aircraft from WestJet in one of its most significant aircraft deals. The transaction includes 17 aircraft acquired through a sale-leaseback with WestJet. FTAI directly purchased 10 off-lease aircraft for its Aerospace Products division.

The sale marks the beginning of WestJet’s retirement of its 737-700 fleet. The 10 off-lease aircraft will increase FTAI Aerospace Products’ supply of CFM56-7B engines and modules. This inventory supports the division’s maintenance, repair, and exchange services for airline customers.