BOC Aviation has completed a sale-and-leaseback transaction with Frontier Airlines for 15 new A320-200Ns to be delivered between 2025 and 2026.
The ultra-low-cost carrier has an order with Airbus for 195 next-gen narrowbodies, deferring deliveries of 54 aircraft to 2029-2031.
Frontier Airlines expects to add A320neo, A321neo, and engines in 2025 and 2026 to support company growth.
BOC Aviation, a lessor with offices in Windmill Lane in Dublin and headquartered in Singapore, placed two A320-200s at Frontier Airlines, leveraging available liquidity and expanding fleet of latest generation aircraft for future deliveries.
Robert Fanning, vice president for fleet at Frontier Airlines said that “these 15 new A320neo will further support the continued growth of our company.”.
The lessor has placed two A320-200s at Frontier Airlines. The carrier has a fleet comprising 151 aircraft, leasing 132 of them from 22 lessors.
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.”
