Jackson Square Aviation (JSA) has closed a $150m pre-delivery payment financing facility for Frontier Airlines Inc. (Frontier). This facility will partially finance Frontier’s PDP payment obligations for their A320neo family aircraft delivering through 2027.
“We are pleased to continue to build on our long-standing relationship with Frontier by providing this PDP financing facility. The Frontier and JSA relationship extends over many years through aircraft sale-leaseback financing, and we are excited about this evolution in our partnership,” said Chris Dailey, President & Chief Commercial Officer. “We look forward to continuing to provide unique financing solutions to Frontier to support their sustainable growth over the balance of this decade,” said Dailey.
“We are delighted to close this facility with Jackson Square Aviation, a valued long-term partner, and we welcome our expanded relationship as our fleet continues to grow,” commented Mark Mitchell, Frontier Airlines Chief Financial Officer.
About Frontier Airlines:
Frontier Airlines, Inc., a subsidiary of Frontier Group Holdings, Inc. (Nasdaq: ULCC), is committed to “Low Fares Done Right.” Headquartered in Denver, Colorado, the Company operates 148 A320 family aircraft and has the largest A320neo family fleet in the U.S. The use of these aircraft, along with Frontier’s high-density seating configuration and weight-saving initiatives, have contributed to Frontier’s continued ability to be the most fuel-efficient of all major U.S. carriers when measured by ASMs per fuel gallon consumed. With nearly 200 new Airbus planes on order, Frontier will continue to grow to deliver on the mission of providing affordable travel across America and beyond.
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