Is Allegiant currently hiring pilots
#311
So, are these 757s an addition to our fleet and new flying, or are we turning into a leasing company?
Six 757s Financed
ALLEGIANT TRAVEL COMPANY FINANCES SIX 757 AIRCRAFT
LAS VEGAS. May 30, 2014 -Allegiant Travel Company (NASDAQ: ALGT) today announced that it has borrowed $40.0 million under a loan agreement with CIT secured by six 757 aircraft and twelve RB211 engines. The notes payable issued under the loan agreement bear interest at a floating rate based on London Interbank Offered Rate ("LIBOR"). The term of the loan is 48 months and the proceeds are to be used for general corporate purposes.
"We are very pleased to be able to access the market at competitive rates," said Andrew C. Levy, Allegiant Travel Company President and Chief Operating Officer. "We continue to demonstrate that there is strong financing demand for used aircraft which is the life blood of our company. This transaction is also evidence of our commitment to the 757 and the positive contributions that it is making to the Allegiant fleet."
Six 757s Financed
ALLEGIANT TRAVEL COMPANY FINANCES SIX 757 AIRCRAFT
LAS VEGAS. May 30, 2014 -Allegiant Travel Company (NASDAQ: ALGT) today announced that it has borrowed $40.0 million under a loan agreement with CIT secured by six 757 aircraft and twelve RB211 engines. The notes payable issued under the loan agreement bear interest at a floating rate based on London Interbank Offered Rate ("LIBOR"). The term of the loan is 48 months and the proceeds are to be used for general corporate purposes.
"We are very pleased to be able to access the market at competitive rates," said Andrew C. Levy, Allegiant Travel Company President and Chief Operating Officer. "We continue to demonstrate that there is strong financing demand for used aircraft which is the life blood of our company. This transaction is also evidence of our commitment to the 757 and the positive contributions that it is making to the Allegiant fleet."
#314
Gets Weekends Off
Joined APC: Feb 2010
Posts: 519
This is correct. We owned the 6 outright and are just taking a loan out on them at a low rate so we can have cash to acquire more Airbus ( or whatever else) if we can find a deal. It's a 4 year term on the loan so unless they pay it back early, we'll be keeping the 757's a awhile longer.
#316
Gets Weekends Off
Joined APC: Oct 2013
Position: FO
Posts: 525
Can someone post or PM me some examples of what a jr and sr line schedule looks like for a pilot based in say, PIE and FLL? I'd really appreciate it!
Feel free to PM me and remove any identify info on it, I understand. I'll keep it to myself. Thanks!
Feel free to PM me and remove any identify info on it, I understand. I'll keep it to myself. Thanks!
#318
Gets Weekends Off
Joined APC: Dec 2009
Position: Airplane
Posts: 2,385
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04-22-2012 10:33 AM