WestJet States It Has No Holdings of Asset-Backed Commercial Paper Products

    CALGARY, Aug. 23 /CNW/ - In light of concerns regarding the disruption of
asset-backed commercial paper (ABCP) products and in response to questions
posed by the investment community, WestJet is providing the following insight
on the status of its short-term investments.
    WestJet's position in short-term money market investments as of August
22, 2007 was in excess of $500 million, entirely held in interest-bearing bank
investments. WestJet has no exposure to the asset-backed commercial products
that have been an area of concern for the investment community in recent

    About WestJet

    WestJet is Canada's leading low-fare airline offering scheduled service
throughout its 38-city North American and Caribbean network. Named Canada's
most admired corporate culture in 2005 and 2006, WestJet pioneered low-cost
high-value flying in Canada. With increased legroom and leather seats on its
modern fleet of Boeing Next-Generation 737 aircraft, and live seatback
television provided by Bell ExpressVu on the majority of its fleet, WestJet
strives to be the number one choice for travellers.

For further information:

For further information: WestJet, Media Relations, (403) 444-2615,
Website: www.westjet.com

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