Allegiant Airlines Research Paper Example | Topics and Well Written Essays - 1750 words

Allegiant Airlines - Research Paper ExampleFinally, Capt. Dave served in the energy of Chief Pilot. In 1998, the guild got FAA and Department of Transportation (DOT) Certification. This officially allowed them to operate charter and scheduled flights locally within the USA and also included planetary destinations like Canada and Mexico (Company, 2007).Allegiant Travel Co. retained sole ownership of Allegiant Airline until December, 2000 when changes in the ownership structure occurred. These changes proved to be necessary oddly with the fraternitys failure to generate enough revenue to stay afloat. As a result, the come with had to file for Chapter 11 Bankruptcy protection in 2000 and ownership shifted to Maurice J. Gallagher, Jr. during the reorganization phase. Gallagher used his prior knowledge acquired while working with other esteemed Airlines to transform Allegiant Airline into its current form. He did this by changing the companys market target to smaller entrepreneurs i n need of chartered and scheduled services neglected by large airlines. To this date, the company boasts over 1,800 employees working all around the world (Company, 2007). The companys headquarters are in Enterprise, Nevada. Gallagher is also responsible for shifting the companys headquarters from the airlines initial hub located in Fresno, California to Enterprise, Nevada in June, 2001 (Wheelen, 2011). The new restructured company model cut down the companys operation costs and catered for the untapped market consisting of small-scale entrepreneurs. The fact that Gallagher was the main creditor of the formerly bankrupt Allegiant Airline meant that the companys previous debts could officially be written off. This would give the company a fresh start. This allowed for Allegiant Airline to generate revenue allowing it to settle the remaining debts with its creditors. Gallagher remained CEO and channelise the company through the entire processes carried out with the aim of exiting b ankruptcy. His hard work finally paid off in March, 2002 when the company successfully emerged from its bankrupt state. As a result, Gallagher signed a long-term contract with Harrahs providing charter services to Harrahs casinos. This allowed for the company to venture into other prospects, which would allow the company to transfigure the services it provided. Allegiant, therefore, begun to provide air and hotel packages to its clients (Airline, 2012). Initially, Allegiant Airline was a privately owned company. However, in November, 2006, the company decided to publically offer its Common bourgeon under the ticker symbol ALGT. Throughout the years, Allegiant Airline continually expands by branching out into other focus cities, for example, Florida, Los Angeles, and, Washington among others. In addition, the company continually provides exceptional services to its clients just as it did before, in its headquarters, in Nevada. Throughout the years, Allegiant Company continues to pr ove to other companies how proper management is an inherent part in the achievement of success within any organization (Company, 2007). Allegiants mission statement seeks to provide affordable flight charges to individuals run on a small scale level. This occurs via the provision of travelling opportunities to