Jackson Square Aviation (JSA) has successfully closed a US$150 million pre-delivery payment (PDP) financing facility for Frontier Airlines Inc. (Frontier). The facility will partially finance Frontier’s obligations for the pre-delivery payments on its Airbus A320neo-family aircraft, scheduled for delivery through to 2027.
The new PDP financing marks a continuation of the long-standing relationship between JSA and Frontier. Over the years, the partnership has evolved through various aircraft sale-and-leaseback agreements, with this latest development further strengthening their collaborative efforts. Chris Dailey, President and Chief Commercial Officer at JSA, expressed his satisfaction with the ongoing relationship: “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. We look forward to continuing to provide unique financing solutions to Frontier to support their sustainable growth over the balance of this decade.”
Frontier Airlines, a subsidiary of Frontier Group Holdings, is headquartered in Denver, Colorado. The airline operates a fleet of 148 A320-family aircraft and boasts the largest A320neo-family fleet in the U.S. With nearly 200 new Airbus aircraft on order, the airline is set to continue its rapid expansion, aiming to provide affordable travel options across the U.S. and beyond.
