SALE Adds Frontier as New Customer
25 Sep 2003
Singapore Aircraft Leasing Enterprise (SALE) has added US low-cost carrier Frontier Airlines (Nasdaq: FRNT) to its customer list, following the signature of contracts covering the lease of two new Airbus A319 aircraft.
The first A319 was delivered yesterday from Airbus under a purchase and leaseback agreement between SALE and Frontier. The second aircraft, one of SALE’s direct orders from Airbus, will join the Frontier fleet early next year. Both aircraft are powered by CFM-56 engines and will be leased to the carrier for a period of 12 years.
Robert Martin, Managing Director of SALE, said that the addition of Frontier to its customer list was an important step in the development of the company’s presence in the North American market.
“Despite the recent difficulties facing the US airline industry, Frontier Airlines has continued to operate successfully,” he said. “We are therefore pleased to be able to play a role in the carrier’s fleet modernisation programme and to include Frontier in our global customer base.”
SALE is the leading Asia-based aircraft leasing company, with a portfolio of over 50 modern aircraft. Offering true global coverage, the company currently has aircraft in service with 27 airlines worldwide and offices in Singapore, London, Washington D.C. and San Diego, California.
Denver-based Frontier Airlines currently operates a fleet of almost 40 aircraft. Together with its affiliate Frontier JetExpress, the carrier provides low-fare service to 40 cities in the U.S. and Mexico with almost 200 daily flights.
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