LOS ANGELES, January 22, 2018 - Air Lease Corporation (NYSE: AL) announced long term lease agreements with Frontier Airlines, an ultra-low-cost carrier based in the United States, for two new Airbus A321-200s. These aircraft are from ALC’s order book with Airbus and will deliver in the fourth quarter of 2018. This agreement follows two new A320-200s delivered from ALC to the airline in 2016.
“We are pleased to announce these two additional A321-200 lease placements with Frontier Airlines. We look forward to a long-term relationship with Frontier as they continue to add new Airbus aircraft to modernize their expanding fleet and grow their network,” said Steven F. Udvar-Házy, Air Lease Corporation’s Executive Chairman.
“We remain focused on delivering on our mission to provide Low Fares, Nationwide and we look forward to continuing to work with Air Lease Corp. to achieve this goal,” said Barry Biffle, president and CEO for Frontier Airlines. “These additional aircraft help pave the way for us to modernize and renew our fleet while helping us build a strong foundation for the future.”