Frontier Airlines (F9, Denver International) has completed a sale-and-leaseback transaction with BOC Aviation for 15 new A320-200Ns set to be delivered between 2025 and 2026, the two companies said in a statement.
The ultra-low-cost carrier has an order with Airbus for 195 next-gen narrowbodies, namely forty-nine A320-200Ns and 146 A321-200NX jets, although it recently said it had reached an agreement with the manufacturer to defer deliveries of 54 of the aircraft from original delivery dates of 2025-2028 to 2029-2031. It now expects to add eight A320neo, thirteen A321neo, and four engines in 2025 and seven A320neo, fifteen A321neo, and four engines in 2026.
Robert Fanning, vice president for fleet at Frontier Airlines said that “these 15 new A320neo will further support the continued growth of our company.”
Steven Townend, chief executive at BOC Aviation, said: “This transaction leverages our strong, available liquidity and builds on our solid existing pipeline of aircraft scheduled for delivery beyond 2024, as we expand both our revenue base and our fleet of latest generation aircraft.”
The lessor has placed two A320-200s at Frontier Airlines, the ch-aviation fleets module shows. The carrier has a fleet comprising 151 aircraft, leasing 132 of them from 22 lessors.
