Frontier President and CEO Jeff Potter said, "Today's announcement is exciting for us for a number of reasons, including our taking the next step in our growth strategy by ordering the larger A320 aircraft. We have reached an optimal level of frequencies in several of our most popular markets, and the A320 will provide us an opportunity to continue to expand while maximizing the economies of scale that the A320 can offer. On the opposite end of the spectrum, we are adding four new A318 aircraft to our existing fleet, allowing us the flexibility to ensure we are "right-sizing" our markets. The flexibility of the A320 family is an integral part of our growth plans and we are eager to take the next step with this new order."Chief Executive Officer of Airbus, Gustav Humbert said, "When Frontier became an 'all-Airbus' airline last April, we knew that we had achieved an important milestone in the U.S. market. Our aircraft are not just a considered addition, but the foundation of low-cost carriers worldwide. Airlines like Frontier recognize the importance of a balance of comfort, technology and economics to their customers and employees."
Frontier's first A320 aircraft is scheduled for delivery during fiscal year 2008, with subsequent deliveries continuing through fiscal year 2011. The table below provides the current delivery schedule under the amended Airbus agreement announced today.
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