/PRNewswire/ Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for April 2021. Scheduled Service – Year Over.
Allegiant Hiring Nearly 200 Pilots In Response To Increasing Travel Demand
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LAS VEGAS, May 11, 2021 /PRNewswire/
Allegiant (NASDAQ: ALGT), one of the fastest growing airlines in the U.S., plans to hire 184 pilots in the coming months, a nearly 19 percent increase to the company s current roster of approximately 1,000 pilots.
The new hires are part of the company s growth strategy to meet increasing demand for air travel. The first group of pilots will begin training in July, with classes scheduled to run every few weeks through early 2022.
As states have eased pandemic restrictions and the COVID-19 vaccine has rolled out across the country, demand for travel has rebounded. Allegiant, which focuses on linking travelers in small-to-medium cities to world-class leisure destinations, was the first domestic carrier to restore capacity to pre-pandemic levels.
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Allegiant Announces Rob Goldberg as Senior Vice President / Senior Counsel
May 10, 2021 GMT
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LAS VEGAS, May 10, 2021 /PRNewswire/ Allegiant (NASDAQ: ALGT) today announced Rob Goldberg has been promoted to the position of senior vice president / senior counsel. Goldberg specializes in corporate finance and securities law. He joined Allegiant in 2017 as vice president / senior counsel after serving as outside counsel for the company for more than 15 years. He also serves as secretary to the company’s Board of Directors.
“Rob’s decades of experience in the aviation industry, combined with his special expertise in securities law and financing transactions makes him an incredibly valuable member of our team,” said Allegiant President John Redmond. “His work has been integral to Allegiant’s development since the early 2000s, and his expertise and stewardship will continue to s
Allegiant Travel Company Announces Pricing Of Common Stock
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LAS VEGAS, May 5, 2021 /PRNewswire/
Allegiant Travel Company (NASDAQ: ALGT) ( Allegiant , we, us, or our ) has announced that it priced the underwritten public offering of 1,350,000 shares of its common stock (the Shares and such offering the Offering ) at a public offering price of $219.00 per Share, for aggregate gross proceeds of $295,650,000.00. Allegiant has granted the underwriters of the Offering a 30-day option to purchase up to 202,500 additional Shares. The Offering is expected to close on or about May 10, 2021, subject to the satisfaction of customary closing conditions.
Allegiant expects to use the net proceeds of the Offering for airline growth opportunities and general corporate purposes, including the acquisition of aircraft and repayment of existing indebtedness.
/PRNewswire/ TELEO Capital Management, LLC ("TELEO") announced a significant growth equity investment in Teesnap, LLC ("Teesnap or the Business"), a golf.