Aviation Capital Group Secures $1.5B+ WestJet Deal for 13 Boeing 737-10s
Event summary
- Aviation Capital Group (ACG) signed a long-term lease for 13 Boeing 737-10s with WestJet, valued at over $1.5 billion based on current aircraft pricing.
- This follows ACG's February 2026 delivery of two Boeing 737-8s to WestJet, expanding their fleet partnership.
- ACG will deliver the first Boeing 737-10 post-type certification, supporting WestJet's fleet renewal and growth strategy.
- The deal positions ACG as the leading lessor for the 737-10 with over 140 aircraft on order between itself and WestJet.
The big picture
This deal underscores the strategic importance of next-generation narrowbody aircraft in airline fleet renewal strategies. With over 1,400 orders for the 737-10 representing 30% of the 737 MAX backlog, ACG's position as a launch customer and leading lessor strengthens its role in shaping the future of commercial aviation financing. The transaction also highlights how airlines are balancing growth with sustainability through fuel-efficient aircraft.
What we're watching
- Delivery Timing
- How quickly ACG can deliver the first Boeing 737-10 post-certification will impact WestJet's growth plans and operational flexibility.
- Market Positioning
- Whether ACG can maintain its lead as the top lessor for the 737-10 amid growing competition in aircraft leasing.
- Fleet Utilization
- The pace at which WestJet integrates these aircraft into its network and realizes efficiency gains from operational commonality.