Allegiant Air has closed a $213 million secured loan, the proceeds of which will be used to repay debt and general corporate purposes.
The balloon loan, due in 2024, is secured by 23 Airbus aircraft, a company filing shows.
The interest rate is variable and will be paid in quarterly installments.
Sumitomo Mitsui Banking Corporation and Banc of America Leasing & Capital are providing the debt, while Bank of Utah is agent on the transaction.
Source: Cirium Dashboard
The US Army’s Future Tactical Uncrewed Aerial System programme aims to deliver a vertical take-off and landing-capable aircraft that will replace the Textron RQ-7B Shadow and improve the ability of ground troops to collect and report intelligence.
Rick Leach, chief executive of GoJet Airlines, sees a rare opportunity in front of the St Louis-based regional carrier created by slackening demand for pilots among its major US counterparts.
Southwest Airlines is exploring changes to its single-class cabin, potentially signalling an eventual departure from the carrier’s signature system of no assigned seating.
