Frontier leases two A320-200s from ALC

Frontier Airlines has entered into long-term lease agreements with Air Lease Corporation (ALC) for two new A320-200s from the latter’s orderbook with Airbus. The aircraft are set to be delivered in the second and third quarters of 2016.“This announcement helps pave the way for us to modernise and renew our fleet while helping us build a strong foundation for the future,” explained Jimmy Dempsey, Frontier’s CFO. “We remain focused on our ‘Low Fares Done Right’ business model for long-term success, and we look forward to working with Air Lease Corporation to achieve it.”“We are pleased to announce these strategic lease placements with Frontier Airlines, a new customer for ALC,” added Steven Udvar-Házy, ALC’s chairman and CEO.

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