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Frontier Airlines Secures Buyer for Two Airbus A318 and Two Airbus A319 Aircraft
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Frontier Airlines Secures Buyer for Two Airbus A318 and Two Airbus A319 Aircraft
20.03.08 - 22:50 ... source : Frontier Airlines
... Frontier Enters into Letter of Agreement with VTB Leasing for the Four Aircraft DENVER, March 20 /PRNewswire-FirstCall/ -- Frontier Airlines Holdings, Inc. (NASDAQ: FRNT) today announced it entered into a Letter of Agreement with VTB Leasing to sell two of Frontier's 49 Airbus A319 aircraft and two of its 11 Airbus A318 aircraft to VTB Leasing for onwards lease to Rossiya Airlines. The sale of the aircraft was facilitated by SkyWorks Leasing. Financial terms of the transaction were not disclosed. "In January we communicated a revised capacity growth plan that was driven primarily by the unprecedented rise in the cost of fuel," said Sean Menke, Frontier President and CEO. "Part of that plan was to move forward with the delivery of the larger, 162-seat Airbus A320 aircraft while selling four of our existing aircraft, resulting in revised year-over-year growth of approximately three to five per ...» Next (HTML)
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