Itasca MGA, an aviation-focused managing general agent created by alternative investment manager Castlelake and Pine Walk Capital, a wholly owned subsidiary of the Fidelis Partnership, has structured a new insurance policy that supports an aircraft debt facility for Allegiant Air to finance the delivery of a new 737 MAX 8 aircraft, the company said on July 30, 2025.
"The Itasca team is happy to provide a customised insurance solution to Allegiant as it seeks to expand its fleet with additional Boeing MAX aircraft," said Gareth John, CEO of Itasca MGA. "We believe this transaction demonstrates how Itasca's product can complement airlines' fleet strategies by enabling them to attract what we see as more efficient financing and we're excited to see Allegiant advance its goals with our support."
The aircraft deliveries are part of Allegiant's announced strategy to directly own its fleet, enabling it to adapt quickly to changing economic conditions and enhance its fleet economics.