Allegiant Air Pilots Displeased with Airline’s Negotiations

Allegiant Air pilots are disgruntled with the plodding pace of negotiations, and have now asked for release from mediation in a possible prelude to a strike. Back in November, Allegiant pilots voted to authorize a strike to the tune of 97%, highlighting their displeasure with the multi-year negotiation process. Central to the debate is the carrier’s proposal to allow 20% of its pilot base to act as “surplus”, while they push the other 80% to fly a full schedule. Allegiant pilots aren’t happy about that by any means, citing concerns about pilot fatigue, operational reliability, and quality of life. If the request to release from mediation is granted, the

MRO Network Continues to Expand Above and Beyond Previous Plans

GE Aerospace and CFM International will keep grinding away on their growing network of Maintenance, Repair, and Overhaul facilities around the globe, as highlighted in a report to investors and clients. “When the CFM LEAP engine entered service in 2016, its maker, CFM International, a 50-50 joint company between GE Aerospace and Safran Aircraft Engines, had a hunch it might be popular. But maybe not this popular,” a GE release reads. “Case in point: Over the past few years, airlines that have selected Airbus A320neo and A321neo aircraft have opted for CFM LEAP engines about 70% of the time. And that’s just a portion of the engine program’s remarkable

Everybody Needs Liquidity

Mitsubishi UFJ Financial Group closed a deal for $75 million in credit to Sun Country Airlines, keeping operations going with liquidity for “general corporate purposes.” The deal may be secured by some of Sun Country’s assets, like aircraft, engines, parts, inventory, receivables, and whatever cash the air line has on hand already. The news was met with relief at Sun Country, according to CEO Dave Davis. Mitsubishi UFJ acted as the Sole Structuring Agent and a Joint Lead Arranger in the recent deal, taking on a $37.5-million commitment. Sumitomo Mitsui Banking Corporation tagged in as the other Joint Lead Arranger, providing another $37.5 million commitment.