Allegiant to lease 13 Airbus aircraft

Allegiant (NASDAQ: ALGT) has agreed with Alafco Aviation Lease and Finance Company to lease 13 Airbus A320 aircraft, the company said.

This agreement is another important step towards Allegiant´s planned transition to an all-Airbus fleet by 2019.

The 13 8-year-old Airbus aircraft acquired via this agreement are expected to enter service with Allegiant beginning in the first quarter of 2018, configured with 186 seats and the CFM56-5B engine type.

The agreement includes an option to purchase at the end of the lease term.

This transaction brings Allegiant to a total of 92 Airbus aircraft either in service or committed for future delivery.

Las Vegas-based Allegiant is focused on linking travelers in small cities to world-class leisure destinations. The airline offers industry-low fares on an all-jet fleet while also offering other travel-related products such as hotel rooms, rental cars and attraction tickets.

Alafco, headquartered in Kuwait, is a global aircraft leasing firm, and is listed on the Kuwait Stock Exchange.