Allegiant Travel Co announced (01-Oct-2012) the formation of Allegiant Systems via a JV with AvIntel and Lixar IT. Allegiant Systems will provide a wide variety of mobile technology services to the commercial aviation industry. Allegiant System's will initially provide Allegiant Air and other airlines with software-as-a-service (SAAS) solutions. The cloud-based model will provide software which assists airline operations in a number of areas, including Electronic Flight Bag (EFB), in-flight operations including buy-on-board, and cabin crew automation. [more - original PR]
Allegiant announces formation of Allegiant Systems
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The US ULCC Allegiant Air takes a significant step in its evolution to an all Airbus fleet in 2017 when Airbus A320 family narrowbodies will make up more than 50% of its fleet composition. By the beginning of 2019 the company has set a course to shed its MD-80s, which were the backbone of its fleet during Allegiant’s rise as a unique niche ultra low cost player.
Allegiant also begins taking delivery of new build A320s in 2017, which is helping to drive a marked uptick in capital expenditures for the company this year. Allegiant is working to bolster its liquidity to support the increase in capex for 2017, and believes the new aircraft should be cash accretive upon delivery. The primary source of financing for Allegiant’s new aircraft is secured debt market backed by its existing fleet of used A320s.
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