Frontier Airlines Adds Two Airbus A319s To Its Fleet

Frontier Airlines (Nasdaq: FRNT) today announced it has added two Airbus A319 aircraft to its operating certificate. The airline purchased one of the 132-seat Airbus A319s with financing arranged through PK AIRFINANCE, a wholly owned subsidiary of GE Capital Corporation, and entered into an aircraft lease agreement for its second Airbus A319 jet from GE Capital Aviation Services. The aircraft will be available for service immediately, and the airline plans to use the aircraft to add permanent and seasonal frequencies to existing markets. With today`s announcement, Frontier’s fleet consists of 18 737-300s, seven 737-200s and two Airbus A319s, for a total of 27 aircraft.

“Bringing the airline’s first owned aircraft into service is a marked achievement for Frontier, and my hat is off to all of the Frontier employees who have worked tirelessly on the Airbus project,” said Frontier President Sam Addoms. “We are working hard to position Frontier as a growth company with long-term success. Our transition to an all Airbus fleet and ownership of aircraft will provide two steps in the right direction as both of these initiatives will help us improve the quality of our service and the cost of delivering it.”

Initially, the two Airbus aircraft will operate between Denver and Dallas/Fort Worth (DFW), Phoenix (PHX) and Seattle (SEA) and, eventually, the Airbus aircraft will fly to every city in Frontier’s route system. The airline plans to operate between 37 to 45 Airbus A320-family aircraft by Jan. 2005.