Aircastle Delivers the First of Four A320neo Aircraft to Frontier Airlines
Aircastle Limited announced the delivery of an Airbus A320neo aircraft to Frontier Airlines (NASDAQ: ULCC) on June 17, 2021.
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Rhea-AI Summary
Aircastle Limited announced the delivery of an Airbus A320neo aircraft to Frontier Airlines (NASDAQ: ULCC) on June 17, 2021. This delivery is the first of four A320neos scheduled for 2021, enhancing Frontier's fleet of fuel-efficient aircraft. The aircraft will be powered by CFM Leap engines and will contribute to Frontier's existing order of approximately 150 A320 family aircraft. Aircastle's CEO expressed commitment to support Frontier's growth, while Frontier's COO emphasized the importance of these deliveries for maintaining their competitive fare structure.
Positive
- Delivery of Airbus A320neo enhances Frontier's fuel-efficient fleet.
- Partnership between Aircastle and Frontier Airlines strengthens with four new aircraft.
Negative
- None.
Details
News Market Reaction – ULCC
The recorded move for ULCC in the trading session of this news was +0.96%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
STAMFORD, Conn., June 17, 2021 /PRNewswire/ -- Aircastle Limited ("Aircastle") announced today that it has delivered an Airbus A320neo aircraft to Frontier Airlines, Inc. (NASDAQ: ULCC). This is the first of four new A320neos that Aircastle will deliver to Frontier in 2021. All four aircraft will be powered by CFM Leap engines to be delivered out of Mobile, Alabama, and are part of Frontier's existing orderbook of approximately 150 A320 family aircraft on order with Airbus. The A320neos will expand Frontier's fleet with more fuel-efficient aircraft consistent with the mission of America's Greenest Airline℠.
Mike Inglese, Aircastle's Chief Executive Officer, commented, "We look forward to being a valued and trusted partner to Frontier for many years to come as they continue to grow and prosper. In furthering the growth and modernization of Frontier's fleet, Aircastle will be delivering three additional A320neo aircraft to Frontier later this year."
"We are extremely pleased to be taking delivery of these four additional aircraft through our partnership with Aircastle as we continue to grow our fleet and deliver on our promise of 'Low Fares Done Right,' said James Dempsey, EVP and Chief Operating Officer, Frontier Airlines.
Headquartered in Denver, CO, Frontier Airlines operates a fleet of more than 107 aircraft to over 100 destinations in the United States, Latin America and the Caribbean.
About Aircastle Limited
Aircastle Limited acquires, leases, and sells commercial jet aircraft to airlines throughout the world. As of February 28, 2021, Aircastle owned and managed on behalf of its joint ventures 261 aircraft leased to 75 customers located in 43 countries.
Contact:
Aircastle Advisor LLC
Frank Constantinople, SVP Investor Relations
Tel: +1-203-504-1063
fconstantinople@aircastle.com
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SOURCE Aircastle Limited
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