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WestJet announces normal course issuer bid



                  WestJet announces normal course issuer bid

PR Newswire

CALGARY, Feb. 14, 2013

CALGARY, Feb. 14, 2013 /PRNewswire/ -  WestJet Airlines Ltd. (TSX:WJA)
announced today that the Toronto Stock Exchange ("TSX") has accepted its
notice to make a normal course issuer bid to purchase outstanding common
voting and variable voting shares (the "Shares") on the open market in
accordance with the rules of the TSX.

As approved by the TSX, WestJet is now authorized to purchase up to  6,616,543 
Shares under  the normal  course  issuer bid,  representing  5.0 per  cent  of 
WestJet's currently issued  and outstanding  Shares. As of  January 31,  2013, 
there are  124,060,098  common voting  shares  and 8,270,767  variable  voting 
shares issued and outstanding. On any  trading day, WestJet will not  purchase 
more than 84,090 Shares,  except where such purchases  are made in  accordance 
with the block purchase exemptions under the TSX rules.

WestJet is authorized to make purchases during the period of February 19, 2013
to February 18, 2014  or until such  earlier time as the  bid is completed  or 
terminated at the option of WestJet.  Any Shares WestJet purchases under  this 
bid will be purchased on the open market through the facilities of the TSX  at 
the prevailing market price at the  time of such transaction. Shares  acquired 
under the bid will be cancelled. TD  Securities Inc. will be appointed as  the 
broker firm responsible for making purchases of Shares under the bid on behalf
of WestJet.

During the period  between February  10, 2012  and February  9, 2013,  WestJet 
completed the purchase and cancellation of 6,914,318 Shares under its previous
normal course issuer  bid at  a volume weighted  average price  of $16.20  per 
share.

WestJet believes that, from time to time,  the market price of its Shares  may 
not reflect their underlying value. At such times, the purchase of Shares  for 
cancellation may be advantageous  to shareholders by  increasing the value  of 
the remaining Shares.  The purchase of  Shares will also  offset the  dilutive 
effect of the issuance of Shares pursuant to WestJet's compensation plans.

Caution regarding forward-looking statements
This  news   release  contains   certain   statements  that   may   constitute 
forward-looking information within the meaning of applicable securities  laws. 
This information includes,  but is  not limited to  WestJet's intentions  with 
respect to  the normal  course issuer  bid and  purchases thereunder  and  the 
effects of repurchases under the bid.  This information is based upon  certain 
material factors or assumptions that were  applied in drawing a conclusion  or 
making a projection as  reflected in the  forward-looking information. By  its 
nature, this information is subject  to inherent risks and uncertainties  that 
may be general or specific. A variety of material factors - many of which  are 
beyond WestJet's control - affect  the operations, performance and results  of 
WestJet and its business and could  cause actual results to differ  materially 
from the expectations expressed in any of this forward-looking information.

The forward-looking information in  this news release is  current to the  date 
hereof, and is subject to change following such date. While WestJet may  elect 
to do so, unless  required by applicable law,  it undertakes no obligation  to 
update this information  to reflect  new information or  circumstances at  any 
particular time.  Additional information  about  the risks  and  uncertainties 
about WestJet's business  is provided in  its disclosure materials,  including 
its annual information form, filed with the securities regulatory  authorities 
in Canada, available at www.sedar.com.

About WestJet
WestJet is Canada's most preferred  airline, offering scheduled service to  85 
destinations in North America, Central  America and the Caribbean. Powered  by 
an award-winning culture of care, WestJet pioneered low-cost flying in Canada.
Recognized nationally  as a  top employer,  WestJet now  has more  than  9,000 
WestJetters  across  Canada.  Operating  a  fleet  of  more  than  100  Boeing 
Next-Generation 737 and Bombardier Q400  NextGen aircraft, WestJet strives  to 
be one of the five most successful international airlines in the world.

Connect with WestJet on Facebook at www.facebook.com/westjet
Follow WestJet on Twitter at www.twitter.com/westjet
Subscribe to WestJet on YouTube at www.youtube.com/westjet 

SOURCE WestJet

Contact:

WestJet Media Relations
1-888-WJ-4-NEWS (1-888-954-6397)
Email: media@westjet.com 

WestJet Investor Relations
1-877-493-7853
Email: investor_relations@westjet.com 

Website: www.westjet.com
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