Aircraft Leasing & Management (ALM), has announced the conclusion of sale and leaseback agreements for three Airbus A321neo aircraft with Frontier Airlines.
The first aircraft bearing registration N626FR has been delivered by Fuyo to Frontier at the Airbus facility in Mobile, AL. ALM will act as servicer for the duration of the lease. The remaining two aircraft are scheduled to be delivered within 2023.
Roy Webber, Director Asset Management at ALM said: “On behalf of Fuyo we are very pleased to sign these lease agreements with Frontier and to expand our relationship with them into new technology aircraft. This transaction further illustrates Fuyo’s commitment to growth in its aviation business by investing in the newest generation of fuel-efficient aircraft.”
Robert Fanning, Vice President, Fleet Transactions and Strategic Sourcing, Frontier Airlines, said: “We are delighted to take delivery of the first of three A321neo’s under our partnership with ALM. These highly fuel-efficient aircraft help us continue to operate as America’s Greenest Airline, as well as offer an outstanding passenger experience through smart, comfortable design features.”
