Business
Allegiant Announces Aircraft Base in the Lehigh Valley, Bringing New Jobs and Future Growth Opportunities
LEHIGH VALLEY, Pa., Aug. 20, 2019 /PRNewswire/ -- State and local officials joined executives from Allegiant Travel Company (NASDAQ: ALGT) today as the
About this update from Allegiant Travel Company
[{"type":"text","content":"LEHIGH VALLEY, Pa., Aug. 20, 2019 /PRNewswire/ -- State and local officials joined executives from Allegiant Travel Company (NASDAQ: ALGT) today as the company announced plans to establish a two-aircraft base at Lehigh Valley International Airport (ABE) in Lehigh County, Pennsylvania. Allegiant's growth plans in the state include creating at least 66 new, high-wage jobs.\n\n \nThe Las Vegas-based company is investing $50 million to establish its new base of operations, which will house two Airbus aircraft. The company, which focuses on linking travelers in small-to-medium cities to world-class leisure destinations, plans to begin its base operations at Lehigh Valley International Airport on February 12, 2020. Lehigh Valley will become the airline's 18th aircraft base.\nThe Lehigh Valley is a two-county region in eastern Pennsylvania consisting of 62 municipalities and three cities; Allentown, Bethlehem, and Easton. Located one hour north of Philadelphia and 90 minutes west of New York City, the Lehigh Valley is the 69th largest metropolitan region in the United States, with a $40.1 billion GDP that is larger than that of two entire states, Wyoming and Vermont. With more than 15,000 businesses contributing to an incredibly diverse industry base, Lehigh Valley is the fastest growing and third most populous region in the state of Pennsylvania, with a population of more than 670,000 residents. Site Selection named the Lehigh Valley one of the top five fastest-growing regions with under a million people in the United States in 2018, and the fastest-growing region of its size in the Northeast U.S. for a third consecutive year.\nSpeaking at today's announcement were Hilarie Grey, managing director of corporate communications for Allegiant Travel Company, Tom Stoudt, executive director at LVIA, Don Cunningham, president & CEO of the Lehigh Valley Economic Development Corporation and Pennsylvania Senate Majority Appropriations Chairman Pat Browne (R-Lehigh). Senator Browne secured a state grant to help offset capital costs of the expansion at LVIA and make the Lehigh Valley airport a more attractive option for Allegiant's growth.\n\"Lehigh Valley International Airport continues to be a vital asset for the Lehigh Valley and a significant driving force for our growing economy. Today's announcement ushers in a new era of leisure and com...