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.
Mexico City, July 8th, 2023.- Viva Aerobus has signed a Memorandum of Understanding (MoU) for 90 Airbus (OTC: EADSY) A321neo aircraft. This is the third order Viva has completed with the European manufacturer, thus maintaining a single fleet of A320 family aircraft. The airline’s order book has now reached 170 Airbus aircraft which provides flexibility to continue growing and renewing its fleet, upholding it as one of the youngest in the Americas.
The A321neo offers unparalleled range and performance. By incorporating new generation engines and Sharklets, the A321neo brings a 50 percent noise reduction, and more than 20 percent fuel savings compared to previous single-aisle generation aircraft, while maximizing passenger comfort with the widest single-aisle cabin and large overhead stowage space.
The GTF engine uses a revolutionary geared fan technology that allows each part of the engine to spin at optimum speed, delivering the highest fuel efficiency and lowest greenhouse gas emissions.
These 90 Airbus A321neo aircraft powered by GTF engines will drive Viva’s domestic and international growth plans. This is particularly important since Mexico is expected to recover the US Federal Aviation Administration’s (FAA) Category 1 rating in the coming months. It is also very relevant given the commercial alliance Viva signed with US carrier Allegiant back in December 2021, which will give more people access to new non-stop air transport between Mexico and the US.
Seattle, Washington, January 5, 2022 /PRNewswire/ – Boeing [NYSE: BA] and Allegiant Air (NASDAQ: ALGT) today announced an order for 50 737 MAX jets, with options for 50 additional airplanes. In Boeing’s first U.S. ultra-low cost carrier (ULCC) deal, Allegiant selected two models – the 737-7 and 737-8-200 – in the 737 MAX family, which provide the lowest seat-mile costs for a single-aisle airplane and high-dispatch reliability.
With commonality and improved fuel efficiency, the 737 MAX family enables airlines to optimize their fleets across a broad range of missions. The 737-7 provides low-operating costs that enable carriers to open new routes with less economic risk, and the larger 737-8-200 offers added revenue potential and is right-sized for ULCC market expansion. Compared to Allegiant’s current fleet, the new 737 models will reduce fuel use and carbon emissions by 20%.
Boeing and Allegiant will partner on entry-into-service support, enabling a smooth transition as the carrier adds the 737 into its operation. Allegiant will also utilize a suite of Boeing Global Services digital tools to further enhance operational efficiency. Allegiant currently operates a fleet of 108 Airbus A319 and A320 airplanes.
As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future and living the company’s core values of safety, quality and integrity. Learn more at www.boeing.com.
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:
Allegiant Travel Company (NASDAQ: ALGT) today announced plans to establish a base of operations at Concord-Padgett Regional Airport (USA). The Las Vegas-based company will invest $50 million to establish the new base in Concord, creating at least 66 high-wage jobs and housing two Airbus aircraft.
The company, which focuses on linking travelers in small-to-medium cities to world-class leisure destinations, plans to begin its base operations in Concord on October 7, 2020. Concord-Padgett Regional Airport will become the airline’s 21st aircraft base.
Located minutes from Charlotte, Concord is one of the nation’s fastest-growing cities, with a robust business infrastructure and a diverse workforce. Home to some of North Carolina’s top tourist destinations, including NASCAR’s famed Charlotte Motor Speedway and Concord Mills, the city boasts a historic downtown district and a wide variety of entertainment and leisure activities for visitors and local residents. Concord is the largest city in Cabarrus County, with a population of more than 94,000.
“Since Allegiant’s first flight from Concord-Padgett Regional Airport in 2013, their growth has been truly remarkable,” said Concord Mayor Bill Dusch. “We are very pleased that Allegiant has selected Concord for a new base of operations, which brings new jobs and travel opportunities for the citizens of Concord and the Charlotte region. We look forward to continue developing our partnership with Allegiant in the future.”
“We’re excited about making Concord a permanent base, and further establishing Allegiant as a hometown airline for this high-performance city,” said Keith Hansen, Allegiant’s vice president of government affairs. “With a growing and diverse population seeking affordable vacation travel, and as a regional destination for race enthusiasts, arts fans and more, Concord is an ideal location for an Allegiant base. Having locally-based operations will mean opportunities for expanded hours, as well as more – and more frequent – flight offerings for residents and visitors alike.”
“This decision reaffirms that what began as a wonderful opportunity for a growing destination has grown into a committed relationship,” said Concord-Padgett Regional Airport Aviation Director Dirk Vanderleest. “My staff and I are humbled by this opportunity and milestone for USA. We look forward to working hand in hand with Allegiant Air to ensure that both residents and visitors alike are recipients of excellent customer service and expanded vacation opportunities.”
“Allegiant took Cabarrus County’s tourism industry to the next level with commercial air service and we’re proud to offer our support as they continue to grow,” said Cabarrus County Convention and Visitors Bureau President & CEO Donna Carpenter. “Visitor spending reached over $469 millionin Cabarrus County in 2018. These enhancements will fuel that figure, generating tax revenues that will positively impact the local economy and quality of life in our community.”
Allegiant began operating at USA in 2013 and currently offers seven non-stop routes: one to the Mardi Gras City of New Orleans and six to premier Florida destinations, including Destin/Fort Walton Beach, Fort Lauderdale, Orlando/Sanford, Palm Beach, Punta Gorda and St. Pete-Clearwater. Since establishing service, Allegiant has flown more than one million passengers through Concord, including 353,000 in 2019 alone.
“Cabarrus County’s investment in Allegiant emphasizes the power of collaboration,” said Cabarrus CountyBoard of Commissioners Chair Steve Morris. “Our support of projects related to the Concord-Padgett Regional Airport boosts the economic stability of all municipalities in our county and throughout the region.”
Both the Concord City Council and Cabarrus County Commissioners approved three-year economic development grants for the expansion. Based on a portion of the increased tax investment, the grant amount from the City of Concord would not exceed $48,649 and $75,001 from Cabarrus County.
“The establishment of this base really reinforces Allegiant’s commitment to our community,” said Cabarrus Economic Development Existing Industry Director Page Castrodale. “It sends a message that Cabarrus County is the right place to do business.”
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.
An Allegiant Air MD-83 passenger jet takes off from the Monterey airport
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration (FAA) needs to improve its oversight to address maintenance issues at Allegiant Air, the 11th largest U.S. carrier, according to a report seen by Reuters on Tuesday.
The U.S. Transportation Department’s Inspector General, in a 31-page report sent to Capitol Hill on Tuesday but not yet made public, said FAA inspectors since 2011 have not “consistently documented risks associated with 36 Allegiant Air in-flight engine shutdowns for its MD-80 fleet or correctly assessed the root cause of maintenance issues.”
Ultra-low cost Allegiant, a unit of Allegiant Travel Co, said it had not yet see the report and did not have an immediate comment.
The FAA said in a letter attached to the report that it agreed with eight of the nine recommendations made by the inspector general and partially agreed with the remaining one.
Allegiant carried about 14 million passengers last year, serving 122 U.S. cities and Puerto Rico on 450 flight routes.
The inspector general opened the probe in May 2018 after a “series of in-flight engine shutdowns, aborted takeoffs, and unscheduled landings” raised concerns about maintenance practices.
The report said in-flight shutdowns at Allegiant “continued until July 2018 and were only resolved four months later when Allegiant Air retired the last of its MD-80 fleet.” Allegiant now flies an all Airbus fleet.
The report found in-flight engine shutdowns forced 21 Allegiant aircraft to return or divert to other airports between 2014 and 2018, but that regulators did not properly track engine shutdown risks.
A 2015 maintenance provider failure at Allegiant Air demonstrated “severe violations that represent unacceptable safety risks or could result in catastrophic outcomes should also warrant a more stringent oversight approach,” the report said.
The inspector general said the airline’s maintenance provider failed to insert a cotter pin on a critical flight control component that put some 30,000 passengers at risk.
The report said in August 2015, a pilot “almost lost control of this aircraft during takeoff when it unexpectedly tried to lift off prematurely” but was able to abort takeoff and land safely.
After inspectors proposed a 30-day suspension for Allegiant Air’s maintenance provider, FAA regional officials reduced the suspension to a compliance action. FAA inspectors closed out six of eight compliance actions before ensuring Allegiant Air actually took any corrective actions, the report found.
It also found that FAA does not provide inspectors with guidance and comprehensive training to ensure Allegiant Air takes appropriate corrective actions.
The FAA said it had “initiated compliance actions at Allegiant Air that have improved safety for the flying public.”
(Reporting by David Shepardson; Editing by Richard Chang and Bill Berkrot)
Airline passengers walk next to an Allegiant Air commercial flight near an air traffic control tower operated by Serco nc. at the Ogden-Hinckley Airport in Ogden
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, 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.
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.
