Summary Frontier Airlines entered into a sale and leaseback agreement with BOC Aviation for 15 A320 neo aircraft. Sale & leaseback increases liquidity and reduces operating costs for airlines. Frontier Airlines adjusts future fleet by deferring deliveries, canceling orders, and swapping aircraft.
American Low-Cost Carrier Frontier Airlines has entered into a sale and leaseback agreement with BOC Aviation. The agreement will cover 15 of the airline's Airbus A320 neo aircraft, which are due to be delivered between 2025 and 2026. This move will enable the airline to strengthen its liquidity while expanding its network and operations.
Long-time customer American carrier Frontier Airlines has announced that the airline has entered into a sale and leaseback agreement with the Singaporean leasing company - BOC Aviation . According to reports from FlightGlobal , the agreement will include 15 Airbus A320neo, which is meant to be delivered to the airline in 2025 and 2026. By entering such an agreement, the carrier will not only be able to maintain liquidity, but it will also help the carrier expand its operations and fleet in a sustainable manner for the future.
Considering that the airline is a long-time customer of BOC Aviation, the partnership was the obvious choice when the airline needed to enter such an agreement. The carrier is the largest operator of the A320neo aircraft type within the United States, and data shows that Frontier Airlines has 197 aircraft of the A320neo family .