Las Vegas, Nevada, October 3, 2023, PRNewswire – Allegiant Travel Company (NASDAQ: ALGT) announces financing commitments for seven Airbus A320 and four Boeing 737 MAX aircraft from BNP Paribas, Europe’s leading bank, and Jackson Square Aviation (JSA), a leading global commercial aircraft lessor.
The innovative $412M deal combines banking and lessor capital to secure Allegiant’s aircraft financing needs into the second quarter 2024, while providing the airline with healthy liquidity at an attractive cost in today’s market.
Allegiant has drawn down $196 million on September 29, and the remainder will be drawn commensurate with its initial 737 MAX deliveries.
Allegiant currently operates an all-Airbus fleet comprised of 127 Airbus A319’s and A320’s.
Allegiant (NASDAQ: ALGT) today announces 21 new nonstop routes, including nine routes to three new cities: Portland, Oregon; Key West, Florida, and Jackson Hole, Wyoming. Included as part of today’s announcement are eight routes that were delayed in 2020 due to the COVID-19 pandemic.
“Today, travelers are seeking destinations that allow them the chance to recreate in a safe way, usually outdoors,” said Drew Wells, Allegiant’s vice president of revenue and planning. “The three cities we’re adding to our network – Key West, Portland and Jackson Hole – are gateways to some of the United States’ most scenic destinations, including national parks and other outdoor attractions that are in high demand.”
New service from Jackson Hole Airport (JAC) includes:
Los Angeles, California via Los Angeles International Airport (LAX) – beginning June 2, 2021.
Phoenix, Arizona via Phoenix Mesa Gateway Airport (AZA) – beginning June 2, 2021.
Las Vegas, Nevada via McCarran International Airport (LAS) – beginning June 4, 2021.
Reno, Nevada via Reno-Tahoe International Airport (RNO) – beginning June 4, 2021.
New service from Key West International Airport (EYW) includes:
Nashville, Tennessee via Nashville International Airport (BNA) – beginning June 2, 2021.
Sanford, Florida via Orlando Sanford International Airport (SFB) – beginning June 4, 2021.
New service from Portland International Airport (PDX) includes:
Santa Maria, California via Santa Maria Airport (SMX) – beginning April 15, 2021.
Monterey, California via Monterey Regional Airport (MRY) – beginning May 28, 2021.
Idaho Falls, Idaho via Idaho Falls Regional Airport (IDA) – beginning May 28, 2021.
New service from General Wayne A. Downing International Airport (PIA) includes:
Sarasota, Florida via Sarasota-Bradenton International Airport (SRQ) – beginning May 27, 2021.
Denver, Colorado via Denver International Airport (DEN) – beginning May 28, 2021.
The new route to/from Charleston, South Carolina via Charleston International Airport (CHS) includes:
Belleville, Illinois/ St. Louis, Missouri via MidAmerica St. Louis Airport (BLV) – beginning May 28, 2021.
The new route to/from Baltimore, Maryland via Baltimore/Washington International Thurgood Marshall Airport (BWI) includes:
Punta Gorda, Florida via Punta Gorda Airport (PGD) – beginning May 27, 2021.
In addition to these new routes, Allegiant is announcing new dates for eight routes that were postponed in 2020 due to the pandemic.
The rescheduled routes to Norfolk International Airport (ORF) include:
Pittsburgh, Pennsylvania via Pittsburgh International Airport (PIT) – beginning June 3, 2021.
Columbus, Ohio via Rickenbacker International Airport (LCK) – beginning June 3, 2021.
The rescheduled route to Nashville, Tennessee viaNashville International Airport (BNA) includes:
Greensboro, North Carolinavia Piedmont Triad International Airport (GSO) – beginning June 3, 2021.
The rescheduled route to/from Boston, Massachusetts via Boston Logan International Airport(BOS) includes:
Grand Rapids, Michigan via Gerald R. Ford Airport (GRR) – beginning March 5, 2021.
The rescheduled route to/from Louisville, Kentucky viaLouisville International Airport (SDF)includes:
Charleston, South Carolinavia Charleston International Airport (CHS) – beginning May 28, 2021.
The rescheduled route to/from Myrtle Beach, South Carolina viaMyrtle Beach International Airport (MYR) includes:
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, Sept. 10, 2018 /PRNewswire/ — Allegiant (ALGT) and the Vegas Golden Knights announced today an unprecedented multi-year partnership, designating Allegiant as the “Official Domestic Airline Partner of the Vegas Golden Knights.” The partnership – in Allegiant’s hometown of Las Vegas – promises to engage hockey fans across North America through key activations and sponsored content.
“We’re thrilled to announce this winning partnership between Allegiant and the Vegas Golden Knights,” said Scott DeAngelo, Allegiant chief marketing officer. “Las Vegas’hometown airline will now be able to connect with hockey fans across North America while supporting our hometown team. With fun game day activations, giveaways and more – we can’t wait to celebrate the team’s success with their fans in Las Vegas and everywhere.”
