FTAI Buys 27 Boeing 737-700s from WestJet in One of Its Largest Deals
FTAI sits 16% above its 52-week low of $149.5.
Summary
FTAI Aviation acquired 27 Boeing 737-700 aircraft from WestJet, marking one of its largest aircraft transactions to date. The deal includes a sale-leaseback of 17 aircraft through its 2026 SPV and the purchase of 10 off-lease aircraft to feed its Aerospace Products engine and module exchange pool. This expands FTAI's Strategic Capital portfolio and secures additional CFM56-7B engines for its MRO customers. The transaction follows the 2025 SPV's $2.0B equity raise and $6.0B committed capital across 300+ aircraft, reinforcing FTAI's position as a differentiated buyer of mid-life narrowbody aircraft. No financial terms were disclosed, but the scale suggests a material capital deployment.
At the time of this announcement, FTAI was trading at $174.00 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $18B. The 52-week trading range was $149.50 to $323.51. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.