Allegiant secures financing for A320 and 737 Max aircraft

Allegiant Travel Company has closed financing commitments for seven Airbus A320 and four Boeing 737 MAX aircraft from BNP Paribas and Jackson Square Aviation (JSA). The $412 million deal combines banking and lessor capital to secure Allegiant’s aircraft financing needs into the second quarter 2024, while providing the airline with “healthy liquidity at an attractive cost in today’s market”. The loans, which are secured by a perfected first priority security interest in the aircraft, will amortise on a quarterly basis with a balloon payment due on the maturity of each loan, while the interest rate will either be fixed or