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Allegiant Cancels A319 Cebu Deal

stlgph From United States of America, joined Oct 2004, 8976 posts, RR: 28
Posted (4 months 3 weeks 1 day 5 hours ago) and read 11919 times:

From my NASDAQ wire -

This morning Allegiant announced they are canceling the deal after Cebu fails to "satisfy certain conditions." They were to receive ten A319's. Allegiant instead will be taking delivery of A320's ... seven of the 9 planes will be delivered in 2013 and brought into the fleet at a "faster rate" to offset the capacity loss of the 319's.

edit -

The presser is now hitting the web

http://www.thestreet.com/story/11801...cebu-pacific-a319-transaction.html

http://www.globenewswire.com/news-re...Cebu-Pacific-A319-Transaction.html

[Edited 2012-12-28 06:06:45]

Eternal darkness we all should dread. It's hard to party when you're dead.

15 replies: All unread, jump to last

Polot From United States of America, joined Jul 2011, 1493 posts, RR: 0
Reply 1, posted (4 months 3 weeks 1 day 5 hours ago) and read 11871 times:

Just to be clear, since you didn't state it and not everyone reads the article, Allegiant is still receiving 9 A319s from GECAS.

sunking737 From United States of America, joined Feb 2005, 1930 posts, RR: 9
Reply 2, posted (4 months 3 weeks 1 day 4 hours ago) and read 11487 times:

Quoting stlgph (Thread starter):
From my NASDAQ wire -

This morning Allegiant announced they are canceling the deal after Cebu fails to "satisfy certain conditions." They were to receive ten A319's. Allegiant instead will be taking delivery of A320's ... seven of the 9 planes will be delivered in 2013 and brought into the fleet at a "faster rate" to offset the capacity loss of the 319's.

Quoting Polot (Reply 1):
Just to be clear, since you didn't state it and not everyone reads the article, Allegiant is still receiving 9 A319s from GECAS.

Smart move, why pay more then they need to, when I'm sure they are being contacted by others willing to off load airframes at a good price.

Living back in MN after 6 years in Fla.

KarlB737 From United States of America, joined Mar 2004, 2925 posts, RR: 9
Reply 3, posted (4 months 3 weeks 1 day 4 hours ago) and read 11438 times:

Press Release: Allegiant Travel Company

Allegiant Travel Company Announces The Cessation Of The Cebu Pacific A319 Transaction

"We continue to have fleet flexibility in 2013 even without the Cebu A319s. Seven of the nine A320 aircraft, which we announced the intention to acquire on December 19, 2012, are expected to be delivered in 2013 and we now plan to introduce these aircraft into service at a faster pace so as to offset the capacity that had been planned with the Cebu A319s," concluded Levy."

http://finance.yahoo.com/news/allegi...announces-cessation-140202274.html

debonair From Germany, joined Jan 2004, 2096 posts, RR: 4
Reply 4, posted (4 months 3 weeks 1 day ago) and read 10533 times:

Quoting stlgph (Thread starter):
This morning Allegiant announced they are canceling the deal after Cebu fails to "satisfy certain conditions."

So, what are these "certain conditions"? Missing maintenance records, delivery dates?

Polot From United States of America, joined Jul 2011, 1493 posts, RR: 0
Reply 5, posted (4 months 3 weeks 1 day ago) and read 10478 times:

Quoting debonair (Reply 4):
So, what are these "certain conditions"? Missing maintenance records, delivery dates?

From the comment later one:

"Unfortunately we were unable to come to terms on some of the economic provisions of the transaction and as we have demonstrated in the past, we will not purchase aircraft just for the sake of growth. Our disciplined approach in asset purchases is a core competency that we will not compromise."

It sounds like they couldn't come to an agreement over price (maybe not necessarily over the airframe, but who will pay for repainting, redoing the interior etc).

canyonblue17 From United States of America, joined Oct 2008, 365 posts, RR: 0
Reply 6, posted (4 months 3 weeks 16 hours ago) and read 7187 times:

Who does Allegiant's maintenance? It seems as though for a smaller airline, their maintenance costs would be rather high using three very different types.....A320, 757, MD80. Add to that the fact that many of these aircraft are relatively old.

TrijetsRMissed From United States of America, joined Oct 2006, 2097 posts, RR: 6
Reply 7, posted (4 months 3 weeks 13 hours ago) and read 6126 times:

Quoting canyonblue17 (Reply 6):

Who does Allegiant's maintenance?

AA does the maintenance for G4's MD-80s in Tulsa. Not sure about the other types.

There's nothing quite like a tri-jet.

airlinebuilder From Philippines, joined Nov 2012, 101 posts, RR: 0
Reply 8, posted (4 months 3 weeks 5 hours ago) and read 4245 times:

these will be a problem for Cebu Pacific Air, they will be having a lot of aircrafts with not much destinations to fly these planes since all have been covered by the current fleet....

ouboy79 From United States of America, joined Nov 2001, 3993 posts, RR: 23
Reply 9, posted (4 months 3 weeks 3 hours ago) and read 3712 times:

Quoting canyonblue17 (Reply 6):

Who does Allegiant's maintenance? It seems as though for a smaller airline, their maintenance costs would be rather high using three very different types.....A320, 757, MD80. Add to that the fact that many of these aircraft are relatively old.

Quoting TrijetsRMissed (Reply 7):
AA does the maintenance for G4's MD-80s in Tulsa. Not sure about the other types.

AAR in OKC also does the mx for G4's MD80s. There is normally always 1 or 2 sitting here, and as of a couple days ago there was one sitting out there on the ramp.

Any opinion/comment posted is that of my own and not that of Southwest Airlines Co.

ytib From United States of America, joined Nov 2004, 493 posts, RR: 1
Reply 10, posted (4 months 3 weeks 1 hour ago) and read 3510 times:

They are just getting the A319's when they buy F9.

This post is a day old and no one had stated it yet, people must be off for Christmas holiday.

luv2fly From United States of America, joined May 2003, 11957 posts, RR: 51
Reply 11, posted (4 months 3 weeks 1 hour ago) and read 3470 times:

I don't think that G4 would touch F9 with a ten foot pole.

You can cut the irony with a knife

FI642 From Monaco, joined Mar 2005, 1055 posts, RR: 2
Reply 12, posted (4 months 2 weeks 6 days 17 hours ago) and read 3044 times:

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Quoting luv2fly (Reply 11):
I don't think that G4 would touch F9 with a ten foot pole.

I second that...............

737MAX, Cool Planes for the Worlds Coolest Airline.

KMDAB From United States of America, joined Jan 2013, 2 posts, RR: 0
Reply 13, posted (4 months 2 weeks 3 days 1 hour ago) and read 2201 times:

Quoting ouboy79 (Reply 9):
AAR in OKC also does the mx for G4's MD80s.

AAR/OKC is doing G4's induction, aging aicraft and C-checks. Normal mx is done per base...if not a G4-manned base like LAS/BLI/PIE/SFB, it is contract mx.

ouboy79 From United States of America, joined Nov 2001, 3993 posts, RR: 23
Reply 14, posted (4 months 2 weeks 3 days ago) and read 2090 times:

Quoting KMDAB (Reply 13):
AAR/OKC is doing G4's induction, aging aicraft and C-checks. Normal mx is done per base...if not a G4-manned base like LAS/BLI/PIE/SFB, it is contract mx.

Obviously it is a contractor and not G4 employees...since it is AAR.

Any opinion/comment posted is that of my own and not that of Southwest Airlines Co.

KMDAB From United States of America, joined Jan 2013, 2 posts, RR: 0
Reply 15, posted (4 months 2 weeks 19 hours ago) and read 1547 times:

Quoting ouboy79 (Reply 14):
Obviously it is a contractor and not G4 employees...since it is AAR.

The post I was replying to made it sound like AAR does all G4's maintenance. I was simply trying to clarify. And just for trivia's sake, there are G4 employees working mx at AAR on behalf of the airline.

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