New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 13, 2014
09:36 EDTALGT, EADSYAllegiant Travel converts lease agreement, buys 14 Aibus A320 aircraft
Allegiant Travel announced three separate aircraft transactions for 14 additional growth aircraft and a fourth transaction for the purchase of two leased aircraft and the conversion of future operating lease obligations to forward purchases. The company has agreed to purchase twelve A319 aircraft currently leased to a European carrier until 2018. This purchase transaction is expected to be completed by the end of June. As each aircraft lease expires, Allegiant will transition the aircraft into its operating fleet. Allegiant expects to recognize approximately $30M in annual lease revenue beginning in June 2014 through 2018 and plans to assume $142M of secured debt under this transaction. The remaining two growth aircraft - one A319 and one A320 - will be purchased in 2015 and 2016 upon aircraft delivery. The company has also agreed to purchase the two currently leased A319 aircraft in its fleet. This purchase is expected to be completed in July. The remaining six aircraft under the lease agreement executed in 2012 will be purchased at the time of delivery to Allegiant, expected to be in late 2014 through 2015. The company said, "We will now have 32 Airbus series aircraft, all owned, in our fleet by the end of 2018. We expect to use debt financing along with cash reserves to purchase these aircraft. Importantly, the additional A320/A319 aircraft are all sister ships to aircraft we currently operate. We remain active in the used Airbus market and hope to add more aircraft to our fleet during 2016 and 2017." The company expects its capital expenditures to be approximately $315M in 2014 and approximately $220M in 2015.
News For ALGT;EADSY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 23, 2014
07:07 EDTALGTAllegiant Travel longer term outlook still attractive, says Stifel
After Allegiant Travel reported stronger than expected results, Stifel nonetheless believes that issues the company is experiencing with pilot training will inhibit its growth prospects, increase its unit costs, and cause the stock to come under pressure today. However, the firm thinks the company's outlook, once it solves its training problem, remains attractive. The firm trimmed its price target on the shares to $130 from $135 but keeps a Buy rating on the stock.
October 22, 2014
16:05 EDTALGTAllegiant Travel sees Q4 PRASM down 2% to flat
Subscribe for More Information
16:03 EDTALGTAllegiant Travel reports Q3 EPS 80c, consensus 83c
Subscribe for More Information
13:44 EDTEADSYTerna receives two Airbus Helicopters AS350 B3e rotocraft
Terna has taken delivery of two Airbus Helicopters AS350 B3e rotorcraft to perform surveillance and maintenance support for power lines that deliver electricity throughout the country. These two Ecureuil family helicopters were delivered by Airbus Helicopterís long term Italian distributor, Aersud Elicotteri, who won Ternaís tender and will retrofit some of the equipment required by the customer. The new aircraft provide Terna with its own resources to conduct airborne operations, enabling the company to provide such services rather than relying on subcontractors.
13:43 EDTEADSYThai navy, air force acquires five EC645 T2, two EC725 rotocrafts from Airbus
Subscribe for More Information
06:55 EDTEADSYAirbus aims to replace Boeing 757 with long-haul A321neo, Reuters says
In an effort to replace with Boeing's (BA) discontinued 757 jetliner, Airbus (EADSY) has started offering carriers a long-haul model of its A321neo aircraft, according to Reuters, citing comments from an Airbus representative. Reference Link
06:51 EDTEADSYAirbus China head sees helicopters as largest market in 6 years, Reuters says
Subscribe for More Information
October 21, 2014
08:02 EDTEADSYKaman unit awarded LTA by Rolls-Royce
Subscribe for More Information
October 20, 2014
06:10 EDTEADSYLufthansa publishes timetable in response to VC planned strike
Subscribe for More Information
October 17, 2014
06:03 EDTEADSYAirbus cuts production rate of A330 aircrafts to 9 from 10 per month
Subscribe for More Information
October 16, 2014
12:56 EDTEADSYESA signs contract with Airbus for weather satellites
Subscribe for More Information
06:53 EDTEADSYAirbus head says defense companies unwelcome in Germany, Reuters says
In a report from German newspaper Handelsblatt, Airbus CEO Tom Enders said that Germany should not be astounded if more defense firms feel unwanted in the country since he believes that the industry is treated unfairly there, according to Reuters, citing comments from Enders. Reference Link
06:47 EDTEADSYAirbus head mulls basing new helicopter programs in France, Reuters says
After Germany hindered the export of military helicopters to Uzbekistan, Airbus CEO Tom Enders said that the airplane maker was seriously contemplating if it should establish its new helicopter programs in France instead of Germany in the future, according to Reuters, citing comments from Enders. Reference Link
October 15, 2014
06:39 EDTEADSYAirbus gains safety approval for A350 prolonged routes, Reuters says
Subscribe for More Information
06:33 EDTEADSYIndiGo signs MOU for 250 Airbus A320neo aircraft
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use