More than 100 new aircraft by 2027, including the new Boeing 737 MAX.

In 2013, we announced an order for 65 Boeing 737 MAX aircraft. The MAX introduces the latest fuel-efficient technology, making it 13 percent more fuel efficient than the current 737 NG. The MAX will enhance our guests' experience as well, with Boeing's new Sky Interior and quieter performance than the 737 Next-Generation (NG). The cabin looks and feels more spacious, with customizable LED lighting, bigger windows and overhead bins that push up and out of the way.

We also agreed to sell 10 of our oldest Boeing 737 NG 700 aircraft to Southwest Airlines in 2014 and 2015. At the same time, we entered an agreement with Boeing to purchase 10 new Boeing 737 NG 800 aircraft in 2014 and 2015, effectively reducing the average age of WestJet's fleet by approximately one year.

See president's message to shareholders for cautionary note regarding forward-looking information.