Frontier Airlines Inks Agreement To Terminate Leases Of 13 A320neo Aircraft; Aircraft Anticipated To Be Returned During H2; Non-Cash Charges Expected Between $60M - $80M During Q3 And Q4; To Lease 10 A321neo Aircraft From AerCap
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Why It Matters
Frontier Airlines is returning 13 planes it was renting and getting 10 newer, bigger planes instead. This costs money on paper, but helps the airline use better equipment going forward.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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