Market Overview

Allegiant Travel Announces Cessation of Cebu Pacific A319 Deal

Share:
Related ALGT
Why Are Airline Stocks Struggling?
Benzinga's Top Upgrades
Best- and worst-positioned airlines for Brexit (Seeking Alpha)

Allegiant Travel Company (Nasdaq: ALGT) today announced its proposed transaction to acquire ten Airbus A319 aircraft from Cebu Pacific Air has been terminated as a result of the parties' failure to satisfy certain conditions to proceeding with the transaction. The potential transaction was made public on July 30, 2012 after the signing of the letter of intent.

Posted-In: News

 

Related Articles (ALGT)

View Comments and Join the Discussion!