Business

WestJet orders 10 Dreamliners for longer-range routes

WestJet Airlines Ltd. has placed a firm order for 10 Boeing Dreamliners, which will have the range and fuel efficiency to serve new destinations in Asia, South America and expand the airline's presence in Europe.

Jets will have the range and fuel efficiency to serve new destinations in Asia, South America and Europe

WestJet may purchase up to 20 Dreamliners over the next seven years as part of the deal. (Randall Hill/Reuters)

WestJet Airlines Ltd. has placed a firm order for 10 Boeing Dreamliners, which will have the range and fuel efficiency to serve new destinations in Asia, South America and expand the airline's presence in Europe.

WestJet's first Dreamliner 787s would be delivered between the first quarter of 2019 and December 2021.

The Calgary-based airline also has an option to buy an additional 10 Dreamliners to be delivered between 2020 and 2024.

With a range of up to 14,000 kilometres, the jets are said to be as much as 20 per cent more fuel efficient than WestJet's current fleet of 767s.

The value of the orders wasn't disclosed, but part of the cost could be offset by converting firm orders of Boeing 737s that were to be delivered to WestJet starting in 2019.

In the first quarter, WestJet reported $48.3 million or 41 cents per share of net earnings — down from $87.6 million or 71 cents per share in the first quarter of 2016.

The company says its profit was down, despite eight per cent higher revenue, due to costs related to severe winter weather.