Mar 8 · 2:50:00 PM · Source: Center for Asia Pacific Aviation

Allegiant (NASDAQ:ALGT) to acquire six Boeing B757-200s according to the Center for Asia Pacific Aviation. Allegiant's shares slipped 0.2% yesterday, as the carrier signed a forward purchase agreement to acquire six B757-200 aircraft, signalling a change from a single-aircraft fleet of MD-80s. The introduction of the B757 aircraft will enable Allegiant to expand its leisure travel strategy into Hawaii, a market which it cannot serve with its existing fleet of MD-80s.
Allegiant expects to invest between USD75 million and USD90 million through 2012 acquiring and preparing this fleet for service. The LCC currently operates 46 MD-80 aircraft and expects to have 54 aircraft in service by the end of 2010

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by Steve Wieczorek