Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Allegiant Travel To Buy 9 Used A320 Aircraft - Quick Facts

RELATED NEWS
Trade ALGT now with 

Allegiant Travel Co. (ALGT: Quote) said it plans to purchase up to nine used A320 aircraft. The average age of the aircraft at delivery is expected to be 12 years with a configuration of 177 seats. The aircraft have been most recently operated by Iberia.

Seven aircraft are expected to be purchased in 2013 and the remaining two in 2014. With the addition of this transaction, Allegiant is now expecting 2013 total CAPEX to be between $270 million and $280 million compared to the previous guidance of $150 million to $160 million.

Allegiant expects to place the first A320 into service late in the third quarter of 2013. All nine aircraft are expected to be in service by the end of 2014. No additional MD-80 retirements are planned as a result of this deal. The company expects to finance the purchase with debt.

Andrew Levy, Allegiant President, said, "The A320 aircraft type is a perfect complement to the smaller A319 and will enable us to continue cost effective growth for years to come."

Click here to receive FREE breaking news email alerts for Allegiant Travel Company and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After trending higher over the past several sessions, stocks showed a lack of direction throughout the trading day on Friday before closing roughly flat. A muted reaction to a highly anticipated speech by Federal Reserve Chair Janet Yellen contributed to the lackluster performance. Republican Scott Brown has significantly narrowed the gap in the race against incumbent New Hampshire Sen. Jeanne Shaheen, D-N.H., according to the results of a new WMUR Granite State Poll. On the heels of the violent clashes between local police and protestors in Ferguson, Missouri, Sen. Claire McCaskill, D-Mo., announced that she will hold a Senate hearing in September to examine the militarization of local police departments.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.