Allegiant closes on two A319s from GECAS

Washington DC
This story is sourced from Pro
See more Pro news »

Las Vegas-based Allegiant Air has closed on the purchase of two Airbus A319s previously on lease to the carrier from GECAS.

The deal was previously announced in June, as part of a series of fleet acquisitions that the airline had intended to make. Allegiant says today that on 5 August, its wholly-owned subsidiary Sunrise Asset Management executed an aircraft sale and purchase agreement with NAS Investments 3, a GECAS subsidiary.

The agreement involves eight A319s, that Allegiant announced in June it would purchase. The two A319s that Allegiant says it has closed on are part of the eight. The eight aircraft had been subject to lease agreements between GECAS and the airline.

Including the eight aircraft, Allegiant says it has 10 A320 family aircraft remaining to be delivered for purchase under existing contracts for the remainder of 2014 through 2016.

The remaining total purchase price and induction costs for these aircraft are estimated to be $187 million.

Allegiant announced in June it had closed on the purchase of a separate 12 A319s. The 12 aircraft are on lease to an European airline through 2018 and will join Allegiant's fleet as they come off their leases.