May 16 (Reuters) - WestJet Airlines Ltd WJA.TO :
* WestJet comments on Transportation Modernization Act
* Airline plans to launch an ultra-low-cost carrier by end of 2017
* On Transportation Modernization Act, says "we welcome legislation and are committed to working with CTA" Source text for Eikon: ID:nCNWx1628a Further company coverage: WJA.TO