SkyWorks Arranges Sale Of 20 MD80 Aircraft
In addition to a previously executed purchase agreement between Allegiant Air, LLC, the Las Vegas-based operator, and Scandinavian Airlines System, Denmark-Norway-Sweden (“SAS”), Allegiant Travel Company, (the parent company of Allegiant Air (NASDAQ: ALGT)) has agreed to purchase an additional 18 MD82/83/87 aircraft from SAS. Delivery of the aircraft will commence in January 2010 and is scheduled to be completed in July 2010. Allegiant Air plans to gradually add the 13 MD82/83 aircraft to its current fleet of 46 MD80 aircraft, including 13 sister ships, previously purchased from SAS. The five MD87s will be used as a source of spare engines and other spare parts.
This mile-stone transaction is a significant step in SAS’ MD80 phase-out and fleet reduction plan announced in early 2009. Once the deliveries to Allegiant Air are completed, SAS will have 24 MD80s remaining in its main-line schedule.
SkyWorks Leasing, LLC has acted as SAS’ exclusive remarketing agent and advisor on both transactions. SkyWorks Leasing LLC provides turn-key third party portfolio asset management, remarketing and technical advisory services for commercial aircraft. SkyWorks professionals manage a diverse portfolio of 138 aircraft, including ERJ’s, Airbus A319/320s and A300-600Fs, MD80s, Boeing 737NG, 757s and 747-400Fs.
For further information, please visit www.skyworksleasing.com or contact us directly. SkyWorks is located at: 283 Greenwich Ave., 4th Floor, Greenwich, CT. 06830
SkyWorks Leasing LLC
Anders Hebrand President & COO