Allegiant To Buy Boeing Aircraft For The First Time, Orders 50 New 737 Aircraft

January 5, 2022 10:32 AM | 1 min read |

Allegiant Travel Co ALGT inked an agreement with Boeing Co BA to purchase 50 new 737 MAX aircraft. Financial terms not disclosed.
The deal marks Boeing's first deal with Allegiant, which currently operates 108 Airbus SE EADSF A319s and A320s.
The multi-year deal includes purchasing 737-7 and 737-8-200 models selected by Allegiant and an option to buy 50 additional aircraft.
Allegiant will take delivery of an initial group of planes in 2023, with the remaining deliveries scheduled throughout 2024 and 2025.
This arrangement with Boeing allows Allegiant to replace aircraft scheduled to retire while also expanding the fleet.
Price Action: ALGT shares are trading lower by 4.88% at $183.75 and BA higher by 1.98% at $217.88 on the last check Wednesday.

Posted In: News Contracts Movers Trading Ideas Briefs why it's moving

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.