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Jul 21, 2000
Frontier Airlines Accelerates its First Airbus Delivery Date
Denver (July 21, 2000) - Frontier Airlines (Nasdaq: FRNT ) today announced it has advanced the delivery date of its September 2002 Airbus 319 aircraft to May 2001, which will be the airline's first owned aircraft. The airline originally planned to take delivery of its first Airbus aircraft in June 2001, which will be a leased aircraft. In addition, the airline has exercised its calendar Q4 2003 option A319 aircraft, converting that option aircraft into a firm order aircraft. The airline also was granted an additional A319 aircraft option, which if exercised will be delivered during calendar Q1 2005. Today's announcement does not change the airline's plan to operate 36 Airbus aircraft at the completion of its Airbus transition phase, scheduled at this time for December 31, 2004.
"Taking delivery of an additional Airbus aircraft prior to next summer enables us to enter next summer's heavy travel period with two growth Airbus aircraft in our fleet," said Vice President, Market Planning and Revenue Management Sean Menke. "We look forward to adding flight frequencies to existing markets, as well as implementing service to new cities next summer and these aircraft are necessary in order to realize those plans."
Denver-based Frontier Airlines serves 22 cities coast to coast with a fleet of 24 Boeing 737 jets and employs approximately 2,200 aviation professionals. The airline is the second largest jet user of Denver International Airport with an average of 112 daily systemwide departures and arrivals. Unlike other airlines, Frontier's low fares do not have a Saturday night stay requirement. In addition, Frontier offers frequent flyer miles in Continental Airlines' OnePass® program. In 1999, Frontier was named "Best Low-Fare Carrier" by Entrepreneur Magazine in the publication's sixth annual Business Travel Awards. Also in 1999, the airline received the Federal Aviation Administration's (FAA) prestigious Aviation Maintenance Technician Employers Diamond Certificate of Excellence Award, which provides special recognition to airlines that have 25 percent of eligible employees complete an advanced training aircraft maintenance training program. Frontier's Web site may be viewed at http://www.frontierairlines.com .