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Jun 13, 2000
Frontier Airlines to Lease Additional Aircraft
Denver (June 13, 2000) - Frontier Airlines (Nasdaq: FRNT ) today announced it has entered into an aircraft lease agreement for one Boeing 737-300 jet from International Leasing Finance Corporation (ILFC). The airline plans to put the additional jet into service July 1. Additional terms of the agreement were not released. Frontier's current fleet consists of 17 737-300s and seven 737-200s.
"The demand for Frontier's service keeps growing, and we continue to explore adding flight frequencies in appropriate markets, as well as consider potential new markets," said Frontier President Sam Addoms. "In addition, while we certainly aren't counting on receiving 'beyond perimeter' slots at Ronald Reagan Washington National Airport, we remain hopeful that Frontier is being considered for this potential new service."
Denver-based Frontier Airlines serves 21 cities coast to coast with a fleet of 24 Boeing 737 jets and employs approximately 2,100 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 100 percent of eligible employees complete an advanced training aircraft maintenance training program. Frontier's Web site may be viewed at http://www.frontierairlines.com .