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Stock Market & Financial Investment News

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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
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July 29, 2014
06:05 EDTEADSYAirbus terminates purchase order with Skymark Airlines for A380s
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July 23, 2014
16:28 EDTALGTAllegiant Travel sees Q3 PRASM up 0%-2% y-o-y
Sees Q3 TRASM up 0%-2% y-o-y.
16:25 EDTALGTAllegiant Travel reports Q2 EPS $1.86, consensus $1.79
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11:40 EDTEADSYATR-made prop plane involved in deadly crash in Taiwan, Reuters reports
A 70-seat turboprop ATR 72 operated by TransAsia Airways crashed in tyhoon-hit Taiwan, killing 47 people, Reuters reported, citing the nation's Civil Aeronautics Administration. Reference Link
10:45 EDTEADSYDelta Air Lines sees Venezuela schedule cuts lowering Latin America RASM 3-4pts
Sees summer Transatlantic capacity up 8%. Doesn't see Ex-IM dispute impacting widebody purchase. Says could be a buyer of Airbus (EADSY) A330neo if priced in "low 80s, high 70s."
09:41 EDTEADSYPassenger plane reportedly crashes, 40 killed in Taiwan, Reuters says
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06:23 EDTEADSYAirbus group submits bid as Denmark looks to replace F-16s, WSJ reports
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06:07 EDTEADSYAirbus signs MOU with Hawaiian Airlines for six A330-800neos
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July 22, 2014
07:23 EDTEADSYAirbus 'successfully' performs METRO test with A350 MSN001
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July 21, 2014
10:02 EDTALGTOn The Fly: Analyst Upgrade Summary
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08:33 EDTALGTAllegiant Travel upgraded to Outperform from Market Perform at Avondale
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06:29 EDTEADSYAirbus aiming for pan-European drone deal to rival Taranis, Bloomberg says
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July 17, 2014
10:00 EDTALGTOn The Fly: Analyst Upgrade Summary
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06:57 EDTEADSYAirbus seeks to curb A380 door problem worries, Reuters says
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06:50 EDTEADSYAirbus considering partnering with high tech companies, NY Times says
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06:36 EDTEADSYAirAsia X to order 50 Airbus A330neo
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06:32 EDTEADSYHong Kong Aviation Capital orders 70 A320neo Family aircraft
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06:18 EDTALGTAllegiant Travel upgraded to Buy from Fair Value at CRT Capital
July 16, 2014
08:10 EDTEADSYBoeing, Airbus narrow engine choices in move toward efficient jets, WSJ says
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07:35 EDTEADSYCIT Group, Rolls-Royce finalize agreement for Trent 7000 engines for A330-900neo
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