Allegiant Travel Company (Nasdaq:ALGT) today (24.02) announced that it has entered into an agreement to purchase two additional A320 aircraft. The aircraft are currently being operated by Philippine Airlines and are scheduled to enter the Allegiant operating fleet toward the end of 2015.
„We continue to be successful in finding high quality, used aircraft to support our future growth,” said Jude Bricker, senior vice president of planning. „These A320s will have 177 seats in the same configuration as our current A320s. As with our other aircraft transactions, we are able to purchase these aircraft for cash. Our strong balance sheet allows us to both find aircraft to support future growth and return cash to shareholders through our previously announced recurring dividend and continuation of our existing share repurchase program,” concluded Bricker.
Including the two A319s that deliver in 2015, which were announced on February 23rd, the company now expects 2015 CAPEX to be approximately $230 million.
Source / Author: Allegiant Travel Company