Allegiant Travel Announces Cessation of Cebu Pacific A319 Deal
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.