Allegiant Air has closed a $44 million loan secured by a new Airbus A320.
The debt carries a fixed interest rate and matures in September 2028, the Las Vegas-based carrier says in a securities filing. Proceeds will be used for general corporate purposes.
The A320 (MSN 8329) was delivered new to Allegiant in July, Flight Fleets Analyzer shows.
The loan is the latest in a series of commercial bank deals for the airline. Allegiant closed a $34.5 million loan also due in 2028 and secured by an A320 family aircraft in July, and borrowed $10.8 million under a ground handling equipment-backed secured loan agreement during the second quarter.
A group of lenders led by DVB Bank provided the loan, the airline says.
Source: Cirium Dashboard