Airone Ventures, a startup company in Barbados seeking to launch a new Caribbean airline, has advised the Transportation Department that it "erroneously" listed Allegiant Air’s parent company as a stockholder in its initial application last month.
In a revised application, the company said, "Neither Allegiant Air nor its parent, Allegiant Travel Company, was or is a shareholder in Airone Ventures Limited."
The amended application said the company still intends to lease a MD-82 aircraft from Allegiant.
As for the shareholders, the company is continuing to keep its owners' identities in a nonpublic docket, but stated that the citizenship of investors breaks down as follows: European Union: 78.61%; Barbados: 10.01%; Jamaica: 0.69%; Australia: 0.69%.
The remaining 10%, the stake previously attributed to Allegiant, is now listed as "to be issued."