Frontier agrees early return of 24 A320neos in AerCap deal

Frontier Group Holdings, the parent company of Frontier Airlines, has announced a non-binding agreement with AerCap for the early return of 24 A320neo aircraft currently in service. The aircraft are subject to lease agreements due to expire within the next two to eight years, with the returns expected to be completed during the second quarter of 2026.

In return, AerCap will agree to ten future sale-and-leaseback transactions covering aircraft deliveries scheduled for 2028 and 2029. The agreement forms part of Frontier’s wider fleet initiatives aimed at boosting productivity and strengthening the airline’s competitive position.

“This agreement is a testament to the strong and enduring relationship between Frontier, AerCap and CFM International,” said Jimmy Dempsey, President and CEO of Frontier Airlines. “It represents a significant milestone in our new strategy to improve the productivity of the airline through disciplined right-sizing of our fleet. We are pleased that AerCap will remain one of our largest lessors, and we look forward to expanding our partnership through an additional ten sale-and-leaseback transactions.”