AviLease has successfully delivered four Airbus A321neo aircraft on lease to Frontier Airlines marking the commencement of AviLease’s collaboration with Frontier Airlines, with a total of six next-generation aircraft slated for delivery in 2024.
AviLease, a prominent global aircraft lessor wholly owned by PIF, Saudi Arabia’s sovereign wealth fund, has achieved a significant milestone by successfully delivering four Airbus A321neo aircraft on lease to Frontier Airlines, a low-cost carrier based in Colorado. These deliveries mark the commencement of AviLease’s collaboration with Frontier Airlines, with a total of six next-generation aircraft slated for delivery in 2024.
The Airbus A321neo stands out as one of the most fuel-efficient, sustainable, and technologically advanced narrow-body aircraft available today. AviLease’s decision to include these aircraft in its portfolio reflects its commitment to acquiring the latest-generation narrow- and wide-body aircraft, catering to the evolving needs of its diverse client base.
Edward O’Byrne, Chief Executive Officer, AviLease said, “We are thrilled to deliver the first four of six new A321neo aircraft to Frontier Airlines. Our partnership with Frontier continues to strengthen and we are proud to support their fleet modernization with the A321neo, one of the most in-demand aircraft in the world. We wish the Frontier team continued success with their commitment to provide affordable and reliable air travel.”
AviLease’s operations align with PIF’s strategic objectives, focusing on sectors that can drive economic diversification in Saudi Arabia and contribute to non-oil GDP growth. By supporting a robust aviation sector, AviLease plays a vital role in enhancing financial sustainability within the aviation ecosystem, in line with Vision 2030 objectives. Moreover, AviLease’s activities create direct and indirect employment opportunities within the aviation and financial sectors, contributing to the growth of the KSA community.
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This recent delivery underscores AviLease’s rapid global expansion and its pivotal role in the Kingdom’s aviation ecosystem. With a mandate to provide sustainable and efficient leasing and financing services to airlines worldwide, AviLease continues to drive economic opportunities and facilitate the growth of the aviation industry. The successful partnership with Frontier Airlines reflects AviLease’s commitment to delivering high-quality aircraft solutions and supporting the aviation sector’s development on a global scale.
Question- Who owns AviLease, the global aircraft lessor?
Answer- PIF
Question- Which airline has received four Airbus A321neo aircraft on lease from AviLease?
Answer- Frontier Airlines
Question- How many next-generation aircraft are scheduled for delivery to Frontier Airlines by AviLease in 2024?
Answer- 6
