The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from GlobeNewswire (a Nasdaq OMX company)

Allegiant Receives Approval From FAA to Operate Boeing 757 Aircraft Type

Wednesday, July 06, 2011

Allegiant Receives Approval From FAA to Operate Boeing 757 Aircraft Type11:45 EDT Wednesday, July 06, 2011LAS VEGAS, July 6, 2011 (GLOBE NEWSWIRE) -- Allegiant (Nasdaq:ALGT) has obtained approval from the Federal Aviation Administration (FAA) to begin operating the Boeing 757-200 aircraft type. "This is an important day for Allegiant," Andrew C. Levy, Allegiant Travel Company President, said. "The addition of the Boeing 757-200 will play an important role in our company's future growth. Our operations team worked long and hard to ensure the completion of this certification and we thank them for their dedication in achieving this important goal." Allegiant's operating fleet now consists of 51 MD-80 aircraft and one Boeing 757-200 aircraft.  The company owns three additional 757-200 aircraft, which are being leased to two European carriers until mid-2012. Allegiant has committed to the purchase of two additional 757-200s, which is expected to occur during the fourth quarter of 2011. These aircraft are expected to be introduced into Allegiant's fleet during the first quarter of 2012. The Boeing 757-200 is a narrow body, twin-engine, medium-range jetliner. Each 757-200 will hold 217 passengers in a single-class, three-by-three seat configuration. Allegiant will begin to operate the 757 on existing routes between Las Vegas and McAllen, Texas, and between Las Vegas and Rockford, Ill. The next focus for the company will be to gain Extended-range Twin-engine Operational Performance Standards 180 (ETOPS) certification and Flag Carrier status from the FAA for the 757-200. Both are required for flying to Hawaii, which the company anticipates achieving in summer 2012. "We look forward to serving the Hawaiian market with the same business model that has made Allegiant so successful on the mainland—linking travelers in small cities to world-class leisure destinations," Levy added. Allegiant, travel is our deal. Las Vegas-based Allegiant Travel Company (Nasdaq:ALGT) is focused on linking travelers in small cities to world-class leisure destinations such as Fort Lauderdale, Fla., Las Vegas, Los Angeles, Phoenix-Mesa, Orlando, Fla., and Tampa/St. Petersburg, Fla. Through its subsidiary, Allegiant Air, the company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel-related services. In 2010, Allegiant was ranked number one for low-cost carriers in Aviation Week's Top Performing Airline study and ranked 25 on FORTUNE magazine's Fastest-Growing Companies list. Receive breaking news from Allegiant by visiting Allegiant's Facebook Fan Page at www.facebook.com/Allegiant or follow Allegiant on Twitter at twitter.com/allegianttravel. The Allegiant Travel Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8305CONTACT: Allegiant Media Contact: Kristine Shattuck-Cooper Phone: 702-853-4625 Email: kristine.cooper@allegiantair.com