|Quoting Mainland (Reply 2):|
Looks like they'll finally get that IPO out there next week.
|Quoting KarlB737 (Reply 6):|
I watched the entire presentation and I thought it gave me a through understanding of what Allegiant is all about. The CEO was very articulate and the charts presented while he was talking I thought was a plus as well. If anyone here wanted to know more about Allegiant I highly recommend watching this 30 minute presentation.
Note he made a reference to future aircraft purchases that would give them the longer range they lack now.
|Quoting Contrails (Reply 9):|
Could someone provide a brief bio of this company? I don't recall ever hearing of it before, but I went to their website and found that they fly all across the country.
We were founded in 1997 and initially operated as Allegiant Air, Inc. under a different business strategy with a different management team. This strategy was ultimately unsuccessful, and we filed for bankruptcy court protection in December 2000. A plan of reorganization was confirmed in June 2001. The key elements of the plan were: (i) debt held by Maurice J. Gallagher, Jr. was restructured and Mr. Gallagher injected additional capital into our company; (ii) Mr. Gallagher became our majority owner; and (iii) a new management team was installed in June 2001. We emerged from bankruptcy in March 2002. Allegiant Air, Inc. elected to be taxed as a subchapter S corporation. In May 2004, Allegiant Air, Inc. merged into Allegiant Air, LLC to change our entity type and state of organization. In May 2005, we created a holding company format under which Allegiant Travel Company, LLC was formed coincident with our issuance of preferred shares to outside investors. In anticipation of this offering, Allegiant Travel Company, LLC will merge into the corporate entity issuing shares in this offering as discussed below.
|Quoting Contrails (Reply 11):|
Amazing! It's been around since 97 and I'm just now finding out about it. I guess I need to pay closer attention to things.