Thread: Allegiant Air
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Old 06-29-2019 | 06:51 AM
  #6173  
ecam
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Originally Posted by juxtapilot
Allegiant filed an 8K this morning for 200 million in financing. Could be for airplanes, could be for a resort. Time will tell, but yikes if they’re using airplanes as collateral for the resort that’s kinda scary.
I saw that. Seems they hawked 23 airplanes (1/4 of the fleet) to pay for something. I'd say another resort at the risk of being called a negative d-bag by some jet kid who has had 2 flying jobs in his life and never been furloughed or had 2 airlines collapse under him. When you've been around as long as I have, you pass on the kool aid and see things as they actually are. Pawning $220 million dollars worth of airplanes to buy anything except more airplanes is not good news for people who want to work for an airline. We will have to see how this story develops. It could either be really good or really bad. Let's hope its for a bunch of new jets.
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