American low-cost carrier Allegiant Air plans to introduce Airbus A319 aircraft to support its growth.
The airline will lease nine aircraft from leasing firm GE Capital Aviation Services and purchase 10 aircraft from Philippine low-cost carrier Cebu Pacific.
"The A319 is a new aircraft type for Allegiant, but we otherwise see this as a continuation of our existing business model," says Allegiant's president Andrew C. Levy. "A319 asset values have significantly declined and now mirror the environment we saw when we first began buying MD-80s."
Allegiant plans to have the first two aircraft in operation by the second quarter of 2013.
Cebu Pacific, meanwhile, confirmed that it plans to sell the A319s to Allegiant.
"The aircraft will be delivered to Allegiant over a 15 month period from March 2013," says an airline official.
Flightglobal's Ascend online database shows that Cebu Pacific's first A319 was built in September 2005, with the last aircraft built in September 2006.