FTAI Aviation Buys 27 Older Boeing Jets from WestJet Amid Fuel Cost Concerns

Canadian carrier WestJet is retiring its older Boeing 737-700s as it accelerates the process amid high fuel costs. The airline announced earlier this year that it would be replacing these planes with more efficient 737 Max jets.

In a recent development, FTAI Aviation has acquired 27 of WestJet's older 737s. This move suggests that WestJet is serious about its plan to phase out the 737-700s and replace them with newer models.