More 737's for AirTran?
05-04-2006, 11:01 AM
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More 737's for AirTran?
Form 8-K for AIRTRAN HOLDINGS INC
3-May-2006
Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material definitive Agreement.
On April 28, 2005, AirTran Airways, Inc. (the "Company"), a wholly-owned subsidiary of AirTran Holdings, Inc., exercised its right to convert 14 aircraft options and 10 purchase right aircraft to firm purchase aircraft under its July 2003 agreement with The Boeing Company ("Boeing") for, among other things, the purchase of up to seventy-eight Boeing model 737 aircraft (the "Aircraft Purchase Agreement"). The exercised options and purchase rights are for aircraft scheduled to be delivered to the Company during 2008 and 2010. Among other consideration for such exercise, Boeing granted the Company 12 additional purchase right aircraft under the Aircraft Purchase Agreement. With the exception of such 12 newly granted purchase right aircraft, the Company has exercised all aircraft options and purchase right aircraft granted by Boeing to the Company under the Aircraft Purchase Agreement.
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Looks like more 737's are in AirTran's future. Not much of a surprise but it will be interesting to see if they stick with the -700 or maybe switch to the -700ER or another variant. Slow but steady growth seems to be the track they are on. Perhaps they will try to be the first U.S. LCC to cross the Atlantic.
3-May-2006
Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material definitive Agreement.
On April 28, 2005, AirTran Airways, Inc. (the "Company"), a wholly-owned subsidiary of AirTran Holdings, Inc., exercised its right to convert 14 aircraft options and 10 purchase right aircraft to firm purchase aircraft under its July 2003 agreement with The Boeing Company ("Boeing") for, among other things, the purchase of up to seventy-eight Boeing model 737 aircraft (the "Aircraft Purchase Agreement"). The exercised options and purchase rights are for aircraft scheduled to be delivered to the Company during 2008 and 2010. Among other consideration for such exercise, Boeing granted the Company 12 additional purchase right aircraft under the Aircraft Purchase Agreement. With the exception of such 12 newly granted purchase right aircraft, the Company has exercised all aircraft options and purchase right aircraft granted by Boeing to the Company under the Aircraft Purchase Agreement.
**************
Looks like more 737's are in AirTran's future. Not much of a surprise but it will be interesting to see if they stick with the -700 or maybe switch to the -700ER or another variant. Slow but steady growth seems to be the track they are on. Perhaps they will try to be the first U.S. LCC to cross the Atlantic.
