Jackson Square Aviation has closed a $150 million pre-delivery payment financing facility for Frontier Airlines.
“We are pleased to continue to build on our long-standing relationship with Frontier by providing this PDP financing facility. The Frontier and JSA relationship extends over many years through aircraft sale-leaseback financing, and we are excited about this evolution in our partnership,” said Chris Dailey, president and chief commercial officer.
Dailey added: “We look forward to continuing to provide unique financing solutions to Frontier to support their sustainable growth over the balance of this decade."
The facility will partially finance Frontier’s PDP payment obligations for the airline’s A320neo family aircraft.
Mark Mitchell, Frontier Airlines chief financial officer added: “We are delighted to close this facility with Jackson Square Aviation, a valued long-term partner, and we welcome our expanded relationship as our fleet continues to grow.”
The aircraft will be delivered to the American low-cost carrier up until 2027.