Allegiant Travel Company to Purchase Six Boeing 757 Aircraft

LAS VEGAS, March 5 /PRNewswire-FirstCall/ -- Allegiant Travel Company (Nasdaq:ALGT - News) today announced it has signed a forward purchase agreement to acquire six Boeing 757-200 aircraft. The introduction of the 757 aircraft will enable Allegiant to expand its leisure travel strategy into Hawaii with flights to be operated by Allegiant Air, LLC, its airline subsidiary.

Allegiant plans to take delivery of these aircraft and place them in service with Allegiant Air on the following schedule:

Two aircraft delivered within the next two months to be placed into service in the fourth quarter of 2010
One aircraft delivered in November 2010 and another in January 2011 to be placed into service in the first half of 2011
Two aircraft delivered in the fourth quarter of 2011 with planned in-service dates in the first half of 2012

The six 757 aircraft are sister-ships and have been in service with a single European operator since original delivery from Boeing. The aircraft come equipped for extended twin-engine operations (ETOPS), as required for long overwater flights.

http://finance.yahoo.com/news/Allegiant ... l?x=0&.v=1