CLOs on the Move

Allegiant has become one of the world`s most innovative and successful airlines, dedicated to making travel more affordable than ever. Linking travelers with nonstop flights to top vacation destinations like Las Vegas, Florida, Phoenix and Myrtle Beach, Allegiant offers ultra-low base fares and unique savings on bundled packages, allowing flexibility and convenience in booking hotels, car rentals and even entertainment tickets. Allegiant was founded in 1997 in Fresno, Calif. In 1999, the company began scheduled passenger service between Fresno and Las Vegas utilizing a DC-9 aircraft. In December 2000, Allegiant filed for bankruptcy and Maurice J. Gallagher Jr., the major ...

Allegiant has become one of the world`s most innovative and successful airlines, dedicated to making travel more affordable than ever. Linking travelers with nonstop flights to top vacation destinations like Las Vegas, Florida, Phoenix and Myrtle Beach, Allegiant offers ultra-low base fares and unique savings on bundled packages, allowing flexibility and convenience in booking hotels, car rentals and even entertainment tickets. Allegiant was founded in 1997 in Fresno, Calif. In 1999, the company began scheduled passenger service between Fresno and Las Vegas utilizing a DC-9 aircraft. In December 2000, Allegiant filed for bankruptcy and Maurice J. Gallagher Jr., the major creditor of the airline, gained control of the business during reorganization. In June 2001, Gallagher restructured the airline to a low-cost model and moved the headquarters and operations to Las Vegas, where they remain today. Allegiant`s unique strategy has allowed the company to remain profitable every quarter since 2003 despite industry challenges that include fluctuating fuel costs and an unstable economy. Allegiant became a public company in December 2006 under the Allegiant Travel Company name and trades on the NASDAQ under ticker ALGT. In March 2010, the company announced it had signed a forward purchase agreement to acquire six Boeing 757-200 aircraft that enabled Allegiant to expand its leisure travel strategy into Hawaii with flights beginning in summer 2012. In August 2012, Allegiant entered a lease agreement to lease nine Airbus A319 aircraft, and in December 2012, announced its intention to acquire nine Airbus A320 aircraft. Allegiant`s low-cost, high-efficiency, all-jet passenger airline offers air travel both on a stand-alone basis and bundled with travel products such as hotels, car rental and entertainment tickets. By providing bundled vacation packages at attractive prices, Allegiant makes travel not only affordable, but also convenient.

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