West Atlantic reports that GECAS / Boeing has certain delays in the delivery of its first B737-800, which now is expected to take place at the end of March 2018. The remaining three B737-800s are scheduled to arrive in August and November 2018, and in January 2019. West Atlantic will be the first operator of the type, which is expected to make a significant trend change in the market toward these more modern and fuel efficient aircraft. All four -800BCFs will be leased by West Atlantic.

West Atlantic took delivery of and placed one additional B737-400 in operation for DHL during the fourth quarter. An additional unit is scheduled for the 1st quarter 2018.

The Group also sees high probability to increase the B767 fleet during 2018.

The company is now one of the largest B737 freighter operators in Europe as well as a growing provider of 40 ton + capacity with its B767s. The demand for the smaller aircraft (CRJ and ATP) is more stable, but West Atlantic is seeing increased competition in these sectors from smaller operators.

Fleet transactions during 2017:

• In line with the project to dismantle long time parked BAe- ATP aircraft, which started in 2016, the Group scrapped four aircraft during 2017.
• A commitment has been made to lease four 737-800 Boeing Converted Freighters. West Atlantic will be the first operator worldwide to take delivery of this Boeing converted freighter for the aircraft type. The aircraft will be delivered during 2018 and 2019.
• The Group has entered into long term operating lease agreements for five B737-400 aircraft. One B737-400 aircraft, previously on an operating lease agreement with a customer was redelivered.
• An agreement with a party has been signed to sell two own operated BAe-ATP aircraft, along with another two BAe-aircraft through the collaboration agreement, for which a management fee is expected to be received. The sales are expected to contribute to a significant profit. The aircraft are ready for sale.