Allegiant Travel Co.
11/20/2024 | Press release | Distributed by Public on 11/20/2024 15:03
Material Event Form 8 K
Item 1.01 Entry into a Material Definitive Agreement.
On November 14, 2024, Allegiant Air, LLC, a subsidiary of Allegiant Travel Company (the "Company"), entered into agreements with The Boeing Company ("Boeing") to amend its December 2021 agreement to acquire 50 newly manufactured Boeing 737 MAX aircraft. Under the amended agreement, the aircraft delivery schedule has been revised to reduce the number of aircraft expected in 2024 and 2025 whereby all 50 firm aircraft are due for delivery by the end of 2027 (previously, end of 2025). The amended agreement provides for other benefits and considerations related to delivery delays in 2024 as well as the deferred schedule through 2027.
The foregoing description of the amendments to the agreement with Boeing does not purport to be complete and is qualified in its entirety by reference to the definitive amendments to the purchase agreement with Boeing, which the Company intends to file as exhibits to the Company's annual report on Form 10-K for the year ending December 31, 2024.
Section 8 Other Events