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.
January 21, 2015
09:04 EDTEADSYEmirates to buy 100 Airbus A380 if engine receives upgrade, Bloomberg says
Emirates has committed to buying 100 more Airbus A380 planes on the condition that the company upgrades its engines, reports Bloomberg. The offer comes as new A380 orders crawled to a halt in 2014 and Airbus focuses on its new A350 wide-body. The development of the new "Neo" engines would cut seat-mile costs by 10%-13%. Reference Link
January 15, 2015
14:14 EDTALGTAllegiant upgraded earlier to Outperform from Peer Perform at Wolfe Research
Subscribe for More Information
10:00 EDTALGTOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:41 EDTALGTAllegiant Travel upgraded at BofA/Merrill
Subscribe for More Information
08:20 EDTALGTAllegiant Travel upgraded to Buy from Neutral at BofA/Merrill
Subscribe for More Information
January 13, 2015
06:50 EDTEADSYBoeing, Airbus could be hurt by oil tumble, NY Times says
Subscribe for More Information
06:16 EDTEADSYChina Aircraft Leasing firms up order for 100 Airbus A320 Family aircraft
China Aircraft Leasing Company firmed up its contract in December 2014 with Airbus for 100 A320 Family aircraft. The order comprises 74 A320neo, 16 A320ceo and 10 A321ceo. Including this new order, CALC’s total backlog with Airbus stands at 140 A320 Family aircraft.
06:12 EDTEADSYAirbus to equip long-haul jets with floatable black boxes, AFP reports
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