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From 2002 through 2004, the airline developed its scheduled-service business model. By 2004, Allegiant was flying from 13 small cities to Las Vegas and offering bundled air and hotel packages. In May 2005, the airline's holding company, Allegiant Travel, completed a private equity placement worth $39.5 million. [13]
[33] [34] [35] With the backing of two casinos, National Airlines set up a hub in Las Vegas the following year. The company specialized in low-fare flights to cities on the East Coast. Other casinos responded by arranging package deals with larger airlines. This and other factors led to National's demise in 2002. [36] [37]
Scenic Airlines was started by John and Elizabeth Seibold and their single engine Cessna airplane in North Las Vegas Airport in 1967. [4] Between 1967 and 1993 Scenic Airlines grew to be one of the world's largest fixed-wing air tour operations. [ 5 ]
FCM was officially launched to market in 2004 following the consolidation of various corporate travel businesses within parent company FCTG. [citation needed]By 2002 FCTG's corporate division included seven different businesses, which in 2004 were consolidated to form FCM Travel Solutions.
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