Frontier Airlines (Nasdaq: FRNT ) today announced it has added two Airbus 132-seat A319 aircraft to its operating certificate. The airline entered into an aircraft lease agreement for its fourth Airbus A319 jet from GE Capital Aviation Services, and purchased its fifth Airbus A319 with financing arranged through PK AIRFINANCE, a wholly owned subsidiary of GE Capital Corporation, at a fixed interest rate of approximately six percent. The aircraft will be available for service immediately. With today`s announcement, Frontier’s fleet consists of 17 737-300s, seven 737-200s and five Airbus A319s, for a total of 29 aircraft.
“Our Airbus transition remains on track at the present time, and we plan to continue transitioning our fleet in spite of our recently announced capacity reduction of nearly 20 percent, which will reduce the utilization of our older Boeing 737-200 aircraft, ” said Frontier President and Chief Operating Officer Jeff Potter. “With lower operating costs, greater fuel burn efficiencies and superb cabin comfort features, we must look forward and plan for Frontier’s long-term success as we do our part to rebuild confidence in air travel.”