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WestJet States It Has No Holdings of Asset-Backed Commercial Paper Products
WestJet's position in short-term money market investments as of August 22, 2007 was in excess of $500 million.
September 20, 2007 By Carey Fredericks
CALGARY, ALTA. – Aug. 23, 2007 – 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 weeks.
