BUSINESS AVIATION

ALLEGIANT ANNOUNCES PURCHASE OF 50 BOEING 737 AIRCRAFT

Allegiant Travel Company | January 06, 2022

Simple news
Allegiant Travel Company (NASDAQ: ALGT) today announces an agreement with Boeing to purchase 50 new 737 MAX aircraft as part of the airline's ongoing efforts to modernize and expand its fleet.

The multi-year deal – Boeing's first with an ultra-low-cost carrier in the United States –  includes the purchase of 737-7 and 737-8-200 models, as well as options to purchase 50 additional aircraft, giving the company flexibility for future growth. Allegiant will take delivery of an initial group of planes in 2023, with the remaining deliveries scheduled throughout 2024 and 2025.

"Our approach to fleet has always been opportunistic, and this exciting transaction with Boeing is no exception, While the heart of our strategy continues to center on previously-owned aircraft, the infusion of up to 100 direct-from-the-manufacturer 737s will bring numerous benefits for the future – including flexibility for capacity growth and aircraft retirements, significant environmental benefits, and modern configuration and cabin features our customers will appreciate."

- Maurice J. Gallagher, Jr., Allegiant chairman and chief executive officer.

Allegiant's unique ULCC business model has been primarily focused on high quality used aircraft to maintain lower fixed costs. However, the pandemic recovery cycle has brought to Allegiant unique opportunities to acquire new equipment, including this aircraft-family solution, which will add significant economic and operational benefits for years to come.

The arrangement with Boeing will allow Allegiant to replace aircraft that are scheduled to retire while also expanding the fleet to maintain the company's projected 10 percent-plus annual growth rate.

"We are thrilled that Allegiant has selected Boeing and the 737 MAX as they position themselves for future growth, improved efficiency and operational cost performance, This deal further validates the economics of the 737 MAX family in the ULCC market and we're excited to stand alongside Allegiant as they integrate these new airplanes into their fleet."

- Stan Deal, Boeing Commercial Airplanes president and CEO.

The Boeing 737s come equipped with several innovative in-cabin features – such as Boeing Sky Interior and Space Bins – that create a feeling of spaciousness, provide more leg room and make storing and retrieving carry-on luggage easier for passengers. Additionally, the new aircraft will burn approximately 20 percent less fuel than older Airbus A320 family aircraft.  while also offering increased seating capacity.

The aircraft will be powered with CFM LEAP 1-B engines. Allegiant has signed a 12-year exclusive maintenance agreement with CFM for the LEAP engine fleet, which will also bring support for the existing Airbus fleet. Allegiant currently operates 108 Airbus A319s and A320s and will continue sourcing A320s in the used market.

Allegiant – Together We Fly™
Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant's fleet serves communities across the nation, with base airfares less than half the cost of the average domestic roundtrip ticket. 

Spotlight

Aerospace is an international, peerreviewed, open access journal devoted to the rapid publication of original papers, review articles, short notes and communications related to all fields of aerospace science, engineering and technology, disclosing theoretical, fundamental and applied results linked to potential applications that are related to research, design, manufacture, operations, control and maintenance of aircraft and spacecraft.


Other News
AIR TRANSPORT

Travelpro® Launches New Flight Crew Recognition Campaign to Reward the Heroes of the Sky This Holiday Season

Travelpro | December 28, 2021

There's no doubt about it, flight crews are the heroes of the sky. That's why Travelpro® – the luggage brand of choice for over 90 airlines globally announced its #SmilesInTheSky campaign, which aims to recognize and reward these unsung heroes this holiday season. As general negativity and even violence against flight crews and airline employees has increased, Travelpro® is looking to shift the sentiment and conversation to create a more respectful travel environment, and recognize crew for everything they do to get us safely to our destination. Starting today through January 14, 2022, Travelpro® is encouraging travelers to share the random acts of kindness they experience from flight crews and airline employees during their holiday travel with the brand on Instagram or Twitter – from the selfless to the heart-warming. In doing so, 50 of these flight crew and airline employees will be recognized with a new Travelpro® FlightCrew™ 5 suitcase for professional use and a $200 gift card to use for a night out with family, or just some much needed rest and relaxation. "Flight crews and airline employees have a difficult job right now and deserve a world of credit for all they do, especially as we head into the busy holiday season, As a brand with deep roots in the airline and larger travel industry, we know that travel wouldn't be the same without these dedicated crew members. It's essential that we recognize and reward them for going above and beyond on the job, all while navigating the challenging landscape that is post-pandemic air travel." -Ofelia Silva, Chief Growth Officer of Travelpro®. But the #SmilesInTheSky campaign doesn't end there. As an added layer, Travelpro® is encouraging travelers to sign its Change.org petition, which encourages everyone to be respectful of one another while traveling, from the moment of check in to the second their plane lands. To sign the petition, visit Travelpro®'s Change.org landing page. Travelpro® was founded nearly 35 years ago by Northwest Airlines Pilot Bob Plath who changed the luggage industry forever when he invented the first Rollaboard® suitcase. Since then, Travelpro® has worked tirelessly to create durable luggage that can withstand everything professional and leisure travelers need, and in doing so has become the luggage brand of choice for over 90 airlines globally. About Travelpro® For over 30 years, Travelpro® has prided itself on design innovation and durability in crafting the highest quality luggage for travelers worldwide. Since transforming the ease of modern day travel with The Original Rollaboard® wheeled luggage, Travelpro® has been the brand of choice for flight crews and frequent travelers. The company is dedicated to building a lifelong relationship with its customers by consistently meeting and exceeding their expectations.

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AEROSPACE

ONEflight International becomes aviation partner with SALT

ONEflight International | April 05, 2022

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BUSINESS AVIATION

Aviation Capital Group Announces Financing of Two Airbus A321neo LR Aircraft for TAP Air Portugal

Aviation Capital Group | April 13, 2022

Aviation Capital Group LLC (“ACG”) announced today the secured financing of two Airbus A321neo LR aircraft for TAP Air Portugal (“TAP”). This financing marks the fifth use by ACG’s Aircraft Financing Solutions (“AFS”) program of its $650 million secured funding facility. This allowed ACG to provide a senior secured loan to TAP and to partner with Novus Aviation Capital (“Novus”), who provided complementary mezzanine financing. Together, ACG and Novus were able to offer TAP an attractive and comprehensive financing solution. “ACG is grateful to have had the opportunity to work with TAP and Novus on this financing. We were able to draw upon our established relationship with Novus to effectively meld the senior and junior loans and to provide TAP with timely and efficient financing. Moreover, we were finally able to bring to fruition ACG’s long held desire to work with TAP again,” said Andrew Falk, Managing Director of ACG. “We are delighted to complete this transaction with both ACG and TAP, continuing to support an existing airline customer. Not only are we building on our relationship with this additional financing for TAP, but we are also very proud to have a strong foundation with ACG that will allow both parties to collaborate on future opportunities. This debt structure is an attractive value proposition and the combination of asset type and stakeholders involved makes it appealing for both Novus and Tamweel Aviation Finance, one of the industry’s leading mezzanine loan providers.” Mamoun Kuzbari, Chief Commercial Officer, Novus Aviation Capital “TAP is very pleased to work with ACG and Novus on this financing and we are very confident that these two additional A321neo LR aircraft that are joining our fleet, already one of the youngest and most efficient in the world, will contribute to the success of our airline,” said Gonçalo Pires, Chief Financial Officer of TAP Air Portugal. About Aviation Capital Group Aviation Capital Group was founded in 1989 and is one of the world’s premier full-service aircraft asset managers with over 440 owned, managed and committed aircraft as of December 31, 2021, which are leased to approximately 90 airlines in approximately 45 countries. ACG is a wholly owned subsidiary of Tokyo Century Corporation.

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AEROSPACE

HONEYWELL SELECTED BY LOCKHEED MARTIN SIKORSKY-BOEING TO POWER DEFIANT X HELICOPTER IN KEY U.S. ARMY PURSUIT

Honeywell | February 15, 2022

Honeywell has been selected to provide its new HTS7500 turboshaft engine as the power behind the Lockheed Martin Sikorsky-Boeing DEFIANT X® helicopter, currently a contender to win the U.S. Army's Future Long-Range Assault Aircraft (FLRAA) competition. The HTS7500 turboshaft engine is the newest and most technologically advanced model in Honeywell's family of military engines, which includes the iconic T55 engine that has powered the H-47 fleet for over 60 years. Like the T55, the HTS7500 is a highly reliable engine designed to thrive in austere environments and to perform to keep military personnel safer. The HTS7500 enhances mission readiness and exceeds mission power and fuel consumption requirements. The new engine comes equipped with a modernized control system, which enables a highly secure flow of engine data. The control system improves operating capabilities, reduces life-cycle costs, and ensures engine health status through its digital thread road map. "This engine builds upon the battle-proven architecture of the T55, but the HTS7500 takes engine performance, reliability and efficiency to a whole new level, The engine is structurally similar, which is great for maintainers in the field because they can use current tools and training. However, when it comes to performance, the HTS7500 is 42% more powerful than the T55-GA-714A and has the lowest total weight compared to other engines in its horsepower class." -Dave Marinick, president, Engines and Power Systems, Honeywell Aerospace. "We're committed to the U.S. Army's focus on modernization and multidomain operations, and the selection of Honeywell's latest engine technology for the DEFIANT X® is proof of that commitment, The HTS7500 checks all the right boxes for the Lockheed Martin Sikorsky-Boeing team and the Army, and we are excited to play a part in the future of vertical lift for our Army customer and Team DEFIANT." -Ricky Freeman, president, Defense and Space, Honeywell Aerospace. The DEFIANT X® will be the fastest, most maneuverable assault helicopter in history. It can fly two times faster and farther than the Black Hawk and is currently being tested in a digital combat environment, where it continues to prove its unmatched range and survivability. FLRAA was initiated by the U.S. Army in 2019 to develop a new utility helicopter that will replace the Sikorsky UH-60 Black Hawk starting in 2030. The Black Hawk was developed in the 1960s and 1970s and was selected by the U.S. Army in 1976. FLRAA will provide the next generation of capability for decades to come for the U.S. Army, and the HTS7500 has been built to provide world-class reliability and time on wing for this next generation of aircraft. Engines designed by Honeywell have been at the forefront of aircraft propulsion for nearly seven decades, shaping aviation's progress in civilian and military applications around the world. Honeywell's high-performance, high-power engines combine rigorous testing with rugged design, ensuring smoother operation in the harshest environments. Continuous improvement programs have resulted in engines that today provide more power with lower fuel consumption, enhanced safety and proven reliability. About Honeywell Honeywell Aerospace products and services are found on virtually every commercial, defense and space aircraft. The Aerospace business unit builds aircraft engines, cockpit and cabin electronics, wireless connectivity systems, mechanical components and more. Its hardware and software solutions create more fuel-efficient aircraft, more direct and on-time flights and safer skies and airports. Honeywell is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable.

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Spotlight

Aerospace is an international, peerreviewed, open access journal devoted to the rapid publication of original papers, review articles, short notes and communications related to all fields of aerospace science, engineering and technology, disclosing theoretical, fundamental and applied results linked to potential applications that are related to research, design, manufacture, operations, control and maintenance of aircraft and spacecraft.

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