Manufacturing Industry
Allegiant Air signs charter agreement with MLT Vacations
Airline Industry Information, May 19, 2008
AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD
Allegiant Air LLC, a subsidiary of Allegiant Travel Company (Nasdaq: ALGT), is to provide charter services for MLT Vacations LLC under a new agreement.
Allegiant Air will operate charter flights for MLT Vacations' Worry-Free Vacations brand from two cities in Oklahoma to Las Vegas and certain leisure destinations in Mexico. The services will use an MD-80 series aircraft.
The airline said that its services would start at the end of May 2008 and continue through to the end of 2009.
Allegiant expects the contract to generate revenues in excess of USD10m over the term of the contract. MLT Vacations has agreed to bear the risk of fuel prices.
((Comments on this story may be sent to aii.feedback@m2.com))
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