Allegiant Contracts to Purchase Up to 13 MD80 Aircraft and 12 JT8D-219 Engines From SAS
Allegiant (Nasdaq: ALGT), has entered into a purchase agreement with Scandinavian Airlines System, Denmark-Norway-Sweden to purchase up to 13 MD80 aircraft and 12 JT8D-219 spare engines in 2012 and 2013.
These purchases will primarily be used to replace engines that will be coming due for major overhauls over the next two years, thus helping the airline to optimize its engine-related maintenance expense. The agreement also allows Allegiant the flexibility to use several of the aircraft for additional MD80 fleet growth in the future, should it decide to do so.
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