10-Year Component Supply Agreement with Frontier Airlines

Agreement for 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.