LAS VEGAS, July 30, 2012 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today announced its intention to lease nine Airbus A319 aircraft from GE Capital Aviation Services (GECAS) and to lease and eventually purchase ten Airbus A319 aircraft from Cebu Pacific Air. The introduction of the A319 aircraft will support Allegiant's growth opportunities.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13833
"The A319 is a new aircraft type for Allegiant, but we otherwise see this as a continuation of our existing business model," said Andrew C. Levy, Allegiant President. "A319 asset values have significantly declined and now mirror the environment we saw when we first began buying MD-80s."
Allegiant plans to have the first two of these aircraft in operation in the second quarter of 2013.
EDIT: AAY has also posted a presentation here: http://ir.allegiantair.com/common/do...t%20Presentation%20-Jul%202012.pdf
[Edited 2012-07-29 22:07:09]