LAS VEGAS, Dec. 5, 2019 /PRNewswire/ — Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars” or “Caesars Entertainment”), one of the world’s most diversified casino-entertainment providers, today announced it has completed the previously announced sale of the Rio All-Suite Hotel & Casino (the “Rio”) to a company (the “Buyer”) affiliated with Dreamscape Companies (“Dreamscape”), which is owned and controlled by Eric Birnbaum, for $516.3 million (including certain fees, expenses and $40 million in seller financing provided by a Caesars affiliate). Dreamscape acquires, repositions and/or develops hospitality, residential, retail, gaming and entertainment assets.
Caesars Entertainment Corporation logo. (PRNewsFoto/Caesars Entertainment Corporation)
In connection with the completion of the sale, a Caesars subsidiary entered into a lease with the Buyer under which Caesars will continue to operate the property for a minimum of two years and pay annualized rent of $45 million. The Buyer has the option to pay Caesars $7 million to extend the lease under similar terms for a third year. At the end of the lease term and at the request of the Buyer, Caesars may continue to manage the Rio or may provide transition services to the Buyer.
The Rio will continue to be part of the Caesars Rewards network during the lease term, and the transaction is not expected to result in any changes to the guest experience. The World Series of Poker will be hosted at the Rio in 2020 and hosting rights will remain with Caesars Entertainment thereafter. Further details on the transaction are available in the Form 8-K to be filed with the Securities and Exchange Commission.
DES MOINES, Iowa, Nov. 8, 2019 /PRNewswire/ — State and local officials joined executives from Allegiant Travel Company (NASDAQ: ALGT) today as the company announced plans to establish a two-aircraft base at Des Moines International Airport (DSM). The announcement heralds the leisure airline’s 20th base of operations, a $50 million investment which will locate two Airbus A320 aircraft in Des Moines, bringing at least 66 new, high-wage jobs to the community. The Las Vegas-based carrier will begin base operations at DSM on May 14, 2020.
“For Allegiant to select Des Moines International Airport as a base of operations is a historic day for Des Moines, our airport and the two-and-a-half million passengers who fly through our City each year,” said Des Moines Mayor Frank Cownie. “The financial investment and well-paying jobs this brings to our community is significant and most appreciated. And to those flight crews and ground personnel who will be our new neighbors, we say thank you for flying Allegiant and welcome to Des Moines.”
Iowa’s capital city and the Greater Des Moines region are the core of one of the fastest growing areas in the Midwest. Home to more than 791,000 residents, the region is known for iconic festivals and events, sports and outdoor recreation opportunities, as well as a burgeoning business environment. In recent years, Des Moines has been named among the nation’s top places to live (US News & World Report, 2018) and top locations for business and careers. (Forbes, 2017)
“In many ways, today’s announcement is the culmination of a more than 15-year relationship between Allegiant and Des Moines International Airport, where we’ve steadily grown our operation to meet increasing demand,” said Keith Hansen, Allegiant’s vice president of government affairs. “Having locally-based aircraft and crews will open up a wide range of options for new service and more flights throughout the day. We’re excited to bring more opportunities for affordable, convenient travel, and expand Allegiant’s presence as a hometown airline for Hawkeye state residents.”
Allegiant began service at DSM in 2003 and currently offers eight non-stop routes – to Orlando-Sanford, St. Pete-Clearwater, Punta Gorda, Destin-Fort Walton Beach and Sarasota, Florida; Phoenix-Mesa, Arizona; Los Angeles, California; and Las Vegas, Nevada. Allegiant in 2018 carried more than 232,000 annual passengers through Des Moines, and is on track to eclipse that number in 2019.
“The Des Moines International Airport continues to play a critical role in the economic vitality of the region with this announcement,” said Kevin Foley, Des Moines Airport Authority Executive Director. “Iowans continue to prove travel is important to them and DSM is committed to growing air service in our market. Through this partnership with Allegiant, not only will we be adding jobs in our community, we will be opening the door for new destinations and adventures.”
Allegiant, which employs more than 4,300 team members across the U.S., plans to immediately begin hiring pilots, flight attendants, mechanics and ground personnel to support the operations. The majority of the new positions are expected to offer salaries that are more than double the state’s average wage. Interested applicants may apply online.
“Allegiant’s investment in Greater Des Moines will significantly contribute to the vibrancy of our rapidly growing regional economy,” said Jay Byers, CEO of the Greater Des Moines Partnership. “The continued advancement of the Des Moines International Airport is one of our strategic priorities, and this expansion project will position DSM for multiple new destinations.”
Las Vegas, Nevada, October 21, 2019 – Embraer announced today a purchase agreement with Flexjet, a global leader in private jet travel. The deal comprises a fleet of Embraer business jets, which includes the recently certified Praetor jets and the Phenom 300. The announcement was made during a press conference at the 2019 National Business Aviation Association’s Business Aviation Convention and Exhibition (NBAA-BACE), which is being held through October 24, in Las Vegas, Nevada.
Valued at up to USD 1.4 billion, at current list prices, this deal was included in the 2019 second quarter backlog, with deliveries starting in the fourth quarter of 2019. With this purchase agreement, Flexjet becomes Embraer’s Praetor Fleet Launch Customer.
“We are very grateful for Flexjet’s renewed commitment to Embraer through this new agreement, which reflects the growth and the strength of our partnership over the past 16 years and symbolizes our ongoing support for their journey ahead,” said Michael Amalfitano, President & CEO, Embraer Executive Jets. “Flexjet Owners will appreciate and enjoy a truly elevated customer experience in industry-leading aircraft, including the recently certified Praetor jets, which are different by design and disruptive by choice.”
The partnership between Embraer and Flexjet dates back to 2003, when Flight Options, which merged with Flexjet in 2015, became the first fractional ownership program to introduce the Legacy Executive jet into its fleet. Offering customers a large cabin experience at super-midsize economics allowed Flight Options to serve more customers even better than before, while also supporting the company’s growth via Embraer’s high utilization, reliable aircraft design.
“We are proud to introduce the Praetor jets to the fractional marketplace and make technologically advanced midsize and super-midsize aircraft available to Flexjet Owners,” said Michael Silvestro, Flexjet CEO. “This order also represents the longstanding trust we have in Embraer and in their enhanced commitment to support the growth of our programs and of our partnership with industry-leading business jets.”
Flight Options introduced the Phenom 300 into its fractional program in 2010, receiving Embraer’s 100th milestone Phenom 300 in 2012, the first year in which the aircraft became the best-selling light jet. For the seventh consecutive year, the Phenom 300 has been the most delivered light business jet, according to GAMA (General Aviation Manufacturers Association). Also according to GAMA data, the Phenom 300 was the only business jet to reach the mark of 500 deliveries in the last decade.
Flexjet became the first fractional provider to offer the Legacy 500, in September 2015. In fact, Flexjet took delivery of Embraer’s 1,000th executive jet, a Legacy 500, in April 2016. The Legacy 450 joined the Legacy 500 in Flexjet’s Red Label fleet in August of that year, and both models became the first fly-by-wire Flexjet aircraft, offering performance and capabilities of larger aircraft with midsize economics.
The two ultra long-range and exclusive jets are valued at $564 million according to list pricesBoeing Business Jets now has 16 orders for the 787 variant, making it one of the world’s most popular widebody business jets
Las Vegas, Nevada, October 22,2019 — A VIP customer was behind the purchase of two ultra-long range 787-9 Dreamliner airplanes, Boeing [NYSE: BA] announced today at the National Business Aviation Association’s annual convention.
The order, placed in August, has a list price value of $564 million. The VIP customer has requested to be unidentified.
The BBJ 787-9, a business jet version of the technologically-advanced 787-9 Dreamliner, is sought after by customers who place a premium on the jet’s globe-spanning range, spacious cabin and unrivaled passenger comfort. The airplane can fly 9,485 nautical miles while offering amenities such as larger windows, a lower cabin altitude, smooth ride technology, cleaner and higher humidity air, and a quieter cabin.
“The BBJ 787-9 offers our most discerning customers the ability to travel in ultimate comfort and fly directly to just about any city on earth. We’re talking about London to Sydney or Tokyo to Cape Town. Our newest BBJ 787-9 customer can clearly see the possibilities and more,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing for The Boeing Company. “With a total of 16 orders to date, the BBJ 787 program has won over other government and private customers who want to work, rest, and arrive refresh and ready for a productive day.”
The BBJ 787-9 offers one of the most spacious cabins in the industry with 2,775 ft2 (257.8 m2) of space. The spacious cabin provides a large canvas for a range of interior design options to ensure ultimate comfort on those short or long-distance flights.
The BBJ 787 builds on the success of the 787 Dreamliner – the fastest-selling widebody airplane in history with more than 1450 orders from over 80 customers on six continents.
– 28th annual Global Business Aviation Outlook projects 2020 deliveries to be higher than 2019 as new models enter service
– Five-year purchase plans for new business jets down slightly, but plans to buy used jets grow significantly
– Long-range forecast predicts healthy market with steady annual growth
LAS VEGAS, Oct. 20, 2019 /PRNewswire/ — The business jet industry is expected to see strong growth in the short to medium term, supported by several new airplane models coming to the market, according to Honeywell’s (HON) 28th annual Global Business Aviation Outlook. Released today, the Global Business Aviation Outlook forecasts up to 7,600 new business jet deliveries worth $248 billion from 2020 to 2029, down 1 to 2 percentage points from the 2018 10-year forecast.
“Production ramp up on many new business jet platforms are expected to lead to a 7% increase in deliveries in 2020, following a strong projected growth in 2019 over 2018 aircraft deliveries,” said Heath Patrick, president, Americas Aftermarket, Honeywell Aerospace. “We are confident that these new and innovative aircraft models will support solid growth in the short term and have a continuing impact on new business jet purchases in the midterm and long term.”
Key findings in the 2019 Honeywell global outlook include:
Operators plan to make new jet purchases equivalent to about 17% of their fleets over the next five years as replacements or additions to their current fleet, a decrease of 3 percentage points compared with 2018 survey results.
Of the total purchase plans for new business jets over the next 5 years, 35% are expected to occur in the first two years of the survey, with 57% of purchase plans realized by year three. This is 5 percentage points higher than last year’s survey.
Operators continue to focus on larger-cabin aircraft classes, from large cabin through ultralong-range aircraft, which are expected to account for more than 71% of all expenditures of new business jets in the next five years.
Visitors are invited to stretch out in the category’s longest cabin, featuring an Executive Suite that puts comfort and productivity at the forefront
TheLearjet 75 Liberty offers a larger cabin and superior performance while being certified to a higher safety standard – all for the same price as its competitors
More operators than ever have the freedom to fly in a Learjet thanks to an exceptional price point and advantageous operating costs, with special launch offers available at 2019 NBAA-BACE
Bombardier is happy to announce that it will showcase the newest member of the Learjet family, the Learjet 75 Liberty, with a full-size interior mock-up at the 2019 National Business Aviation Association Convention & Exhibition (NBAA-BACE) in Las Vegas, Nevada.
“This mock-up will truly show light jet customers just how spacious and comfortable our newest Learjet is,” said Peter Likoray, Senior Vice President, Worldwide Sales and Marketing, Bombardier Business Aircraft. “The Learjet 75 Liberty offers a larger cabin and superior performance for the same price as competitors, and it’s certified to a higher safety standard.”
The full-size interior of the Learjet 75 Liberty at Bombardier’s static display at NBAA-BACE will give visitors a unique opportunity to experience the features that set this light jet apart. Customers attending NBAA-BACE will also be eligible for promotional launch offers on the Learjet 75 Liberty.
The Learjet 75 Liberty debuts the segment’s first Executive Suite, a spacious area at the front of the cabin with two forward-facing seats and an unprecedented three feet (0.91 metres) of legroom for the light jet category. Passengers can stretch out on oversized ottomans that are easily stowable, and open up their laptops on large, retractable side tables. Located behind a standard forward pocket door, the Executive Suite is a quiet haven for busy executives.
Visitors to the Learjet 75 Liberty mock-up can also experience class-leading legroom in the Club Suite, with a four-seat configuration, large side tables and plenty of storage.
The latest member of the iconic Learjet family was unveiled earlier this summer and is generating strong interest on the market. It is expected to enter service in 2020.
The Learjet 75 Liberty is the fastest aircraft in the light jet segment with a top speed of Mach 0.81. Its range of 2,080 nautical miles can connect Las Vegas to New York, Seattle to Washington, D.C., and Mexico City to San Francisco, nonstop.* This superior performance comes at the same operating costs as competitor aircraft that offer less.
The Learjet 75 Liberty is certified to the highest safety standards applicable to commercial airliners, unlike most competitors in the light jet category that are certified to less stringent safety standards. Learjet aircraft offer impressive handling characteristics and outstanding performance. The Learjet 75 Liberty features the advanced Bombardier Vision flight deck, and includes the recently announced Garmin G5000 avionics upgrade.
Bombardier is proud to be participating at NBAA-BACE, where it will also showcase its flagship Global 7500 aircraft, the newly-certified Global 6500 aircraft, as well as the class-leading Challenger 350 and Challenger 650 aircraft.
LAS VEGAS, Oct. 8, 2019 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) has scheduled its third quarter 2019 financial results conference call for Thursday, October 24 at 5:30 p.m. EDT. A live broadcast of the conference call will be available through the company’s Investor Relations website at http://ir.allegiantair.com/. The webcast will also be archived on the “Events & Presentations” section of the site.
Allegiant Travel Company
Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with premier leisure experiences – from vacations to hometown family entertainment. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant serves more than 450 routes across the country, with base airfares less than half the cost of the average domestic roundtrip ticket. Allegiant’s Sunseeker Resorts subsidiary is currently under construction with its inaugural resort property, Sunseeker Resort Charlotte Harbor in Southwest Florida – a unique waterside integrated resort like no other. And a growing group of Allegiant Nonstop family entertainment centers offer state-of-the art indoor games and attractions to thrill seekers of all ages. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF.
ANNAPOLIS, Maryland – Passengers traveling through Las Vegas’ McCarran Airport can look forward to a new streamlined journey with Collins Aerospace Systems’ SelfPass™ biometric solution. The solution, which is set to be installed at all of McCarran’s international gates, and will be available for demonstration at the Annual Airports Council International-North America conference this week in Tampa, Florida. Collins Aerospace is a unit of United Technologies Corp. (NYSE: UTX).
With SelfPass, there is no pre-registration required. Passengers simply step up to the camera for a facial scan to validate their identity against the U.S. Customs and Border Protection Traveler Verification Service, which retrieves their boarding details, and they then proceed to board the aircraft through the auto boarding gate.
“We have a 20-year history of successfully collaborating with McCarran Airport and we’re ready to help them streamline the passenger journey even further with expanded use of our SelfPass biometric solution,” said Christopher Forrest, vice president of Global Airport Systems for Collins Aerospace. “SelfPass takes less than one second to capture and process a passenger’s facial image and eliminates the need to repeatedly present travel documents, making the process more efficient for both passengers, airlines and airports.”
SelfPass is already live with one airline following a trial throughout the summer. Wider deployment of SelfPass is set to commence in November with the addition of a second airline. In all, 19 airlines will be operational when the installation is complete.
In additional to SelfPass, Collins Aerospace has been a long term provider of other key solutions that improve efficiencies at McCarran Airport. The ARINC MUSE Common-use passenger processing solution enables multiple airlines to share check-in desks and departure gates, the ARINC BagLink™ supports efficient and accurate baggage sorting and loading, and ARINC supplies self-service kiosks throughout the facility.
LAS VEGAS, Sept. 10, 2019 /PRNewswire/ — Allegiant Travel Company (ALGT) today reported preliminary passenger traffic results for August 2019.
Allegiant Travel Company
Las Vegas-based Allegiant is an integrated travel company with an airline at its heart, focused on connecting customers with premier leisure experiences – from vacations to hometown family entertainment. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant serves more than 450 routes across the country, with base airfares less than half the cost of the average domestic roundtrip ticket. Allegiant’s Sunseeker Resorts subsidiary is currently under construction with its inaugural resort property, Sunseeker Resort Charlotte Harbor in Southwest Florida – a unique waterside integrated resort like no other. And a growing group of Allegiant Nonstop family entertainment centers offer state-of-the art indoor games and attractions to thrill seekers of all ages. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF
ALGT/G
Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.
Sun Country Airlines,a small Minnesota-based, low-cost carrier owned by private-equity firm Apollo Global Management, plans to file for an initial public offering as soon as April, Sun Country’s CEO said Tuesday in an interview.
“Our earnings are supportive,” Jude Bricker told Skift at the International Aviation Forecast Summit in Las Vegas. “I think there’s a market for an airline that is growing.”
If Sun Country were to go public next year, it would be a fast turnaround for Apollo, which acquired the airline in December 2017. The previous owners, Mitch and Marty Davis, who also control Cambria, a maker of stone countertops, had managed Sun Country more like a family business than a medium-sized airline. Apollo has cut costs and changed the model, dropping first class, adding fees and making more it like Frontier Airlines or Spirit Airlines than an undersized competitor to Delta Air Lines or American Airlines.
