stlgph
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Allegiant Cancels A319 Cebu Deal

Fri Dec 28, 2012 2:05 pm

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]
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Polot
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RE: Allegiant Cancels A319 Cebu Deal

Fri Dec 28, 2012 2:10 pm

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
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RE: Allegiant Cancels A319 Cebu Deal

Fri Dec 28, 2012 3:04 pm

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.
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KarlB737
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RE: Allegiant Cancels A319 Cebu Deal

Fri Dec 28, 2012 3:08 pm

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
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RE: Allegiant Cancels A319 Cebu Deal

Fri Dec 28, 2012 6:58 pm

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?
 
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Polot
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RE: Allegiant Cancels A319 Cebu Deal

Fri Dec 28, 2012 7:05 pm

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
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RE: Allegiant Cancels A319 Cebu Deal

Sat Dec 29, 2012 3:11 am

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.
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TrijetsRMissed
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RE: Allegiant Cancels A319 Cebu Deal

Sat Dec 29, 2012 6:10 am

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.
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airlinebuilder
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RE: Allegiant Cancels A319 Cebu Deal

Sat Dec 29, 2012 1:30 pm

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
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RE: Allegiant Cancels A319 Cebu Deal

Sat Dec 29, 2012 4:11 pm

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.
 
ytib
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RE: Allegiant Cancels A319 Cebu Deal

Sat Dec 29, 2012 5:22 pm

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
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RE: Allegiant Cancels A319 Cebu Deal

Sat Dec 29, 2012 5:29 pm

I don't think that G4 would touch F9 with a ten foot pole.
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FI642
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RE: Allegiant Cancels A319 Cebu Deal

Sun Dec 30, 2012 1:15 am

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

I second that...............
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KMDAB
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RE: Allegiant Cancels A319 Cebu Deal

Wed Jan 02, 2013 5:48 pm

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
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RE: Allegiant Cancels A319 Cebu Deal

Wed Jan 02, 2013 6:33 pm

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.  
 
KMDAB
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RE: Allegiant Cancels A319 Cebu Deal

Sat Jan 05, 2013 12:02 am

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.