Frontier Airlines and BOC Aviation Sign Agreement for 15 New Airbus A320neo Aircraft

The agreement involves a purchase-and-leaseback arrangement, a strategic move that allows Frontier Airlines to maintain a robust and modern fleet while securing immediate capital through the sale of the aircraft to BOC Aviation. The aircraft are scheduled for delivery in 2025 and 2026, ensuring that Frontier’s fleet remains at the cutting edge of efficiency and performance.

Benefits for Frontier Airlines

Frontier Airlines, known for its commitment to “Low Fares Done Right,” operates the largest A320neo family fleet in the United States. The addition of these 15 new A320neo aircraft will further enhance Frontier’s operational efficiency and fuel economy. The A320neo is renowned for its advanced aerodynamics, efficient engines, and overall reduced environmental impact, aligning perfectly with Frontier’s goals of maintaining the most fuel-efficient fleet among major U.S. carriers.

Robert Fanning, Vice President of Fleet for Frontier Airlines, expressed his enthusiasm about the deal: "BOC Aviation has been a highly valued business partner of Frontier Airlines for the past two decades, and we are thrilled to continue that partnership with these latest agreements. These 15 new A320neos will further support the continued growth of our company".

BOC Aviation’s Strategic Expansion
For BOC Aviation, a leading global aircraft operating leasing company, this agreement is a strategic addition to its already impressive portfolio. With a fleet of 680 aircraft owned, managed, and on order, BOC Aviation continues to expand its revenue base and fleet of next-generation aircraft. Steven Townend, Chief Executive Officer and Managing Director of BOC Aviation, highlighted the importance of this deal: "We are excited to be working again with long-time customer Frontier, which is the largest A320neo operator in the United States. This transaction leverages our strong available liquidity and builds on our solid existing pipeline of aircraft scheduled for delivery beyond 2024".

The Future of Aviation

This agreement between Frontier Airlines and BOC Aviation is more than just a business deal; it represents a commitment to innovation, efficiency, and sustainability in the aviation industry. As both companies continue to grow and adapt to the evolving demands of air travel, their partnership will likely serve as a model for future collaborations in the sector.

The addition of these new A320neo aircraft will not only support Frontier’s growth but also contribute to a more sustainable and efficient aviation industry. With the delivery of these aircraft set for 2025 and 2026, the future looks promising for both Frontier Airlines and BOC Aviation.