10-Year Component Supply Agreement with U.S. Carrier Frontier Airlines

April 16, 2015
Lufthansa Technik AG and U.S. low-cost carrier Frontier Airlines have signed a comprehensive long-term component supply agreement for the airline's current and future fleet of Airbus A320 aircraft.

Hamburg-based maintenance, repair and overhaul (MRO) provider Lufthansa Technik AG and U.S. low-cost carrier Frontier Airlines have signed a comprehensive long-term component supply agreement for the airline's current and future fleet of Airbus A320 aircraft. The contract will run through November, 2024.

The Total Component Support (TCS®) agreement covers component overhaul and engineering services as well as pooling and Home Base Lease. The component supply will be realized via the Lufthansa Technik facilities in Miami / Fort Lauderdale and Los Angeles.

"This new long-term component agreement with Lufthansa Technik AG will help ensure that Frontier continues to meet its customer's expectations of providing a reliable product, friendly service and reasonably priced options," said Frontier Airlines Chief Financial Officer, Jimmy Dempsey.

Frontier currently operates a fleet of Airbus A319/A320 aircraft with nine Airbus A321 aircraft on order with deliveries beginning in late 2015. The airline is also scheduled to begin taking delivery of A320neo family aircraft in 2016.

Frontier Airlines

Frontier Airlines is committed to offering 'Low Fares Done Right' to more than 60 destinations in the United States, Mexico, Costa Rica, Jamaica and the Dominican Republic on over 270 daily flights.

Headquartered in Denver, Frontier's hard-working aviation professionals pride themselves in delivering the company's signature Rocky Mountain hospitality to customers. Frontier Airlines is the proud recipient of the Federal Aviation Administration's 2014 Diamond Award for maintenance excellence and was recently named the industry's most fuel-efficient airline by The International Council on Clean Transportation (ICCT) as a result of superior technology and operational efficiencies.

Lufthansa Technik:

The Lufthansa Technik Group, with more than 30 subsidiaries and associates and over 26,000 employees worldwide, is one of the leading providers of technical services for the aviation industry. Its portfolio encompasses the entire spectrum of services for commercial

aircraft: maintenance, repair, overhaul, modification and conversion, engines and components.