Posted on: 21 June 2011 by Ross McSweeny
Republic Airways Holdings has signed a Letter of Intent to buy 40 Airbus A319neo and 40 A320neo aircraft, powered by CFM’s LEAP engines, and to be flown by Republic’s Frontier Airlines subsidiary.
“This order is a reflection of the strong and mutually beneficial partnership Frontier and Airbus have enjoyed over the past decade,” said Bryan Bedford, chairman, president and CEO of Republic Airways. “The addition of these state-of-the-art, fuel-efficient aircraft to our fleet will be a major factor in Frontier maintaining its position as an industry cost leader and will allow Frontier to continue to offer travellers low fares despite persistently high fuel prices.” Frontier currently operates 58 Airbus A318, A319 and A320 aircraft.
“This aircraft order displays our confidence in the bright future ahead for Frontier Airlines,” Bedford emphasised. “The Airbus NEO consumes 15% less fuel than our current fleet and that fuel savings would correspond to a 5% margin improvement at today’s prices."