Frontier enters lease amendments freeing $104M in deposits, ends monthly maintenance reserves

Frontier Group Holdings, Inc.

Amendments cover nine aircraft; lessor to return ~$104M in previously paid maintenance deposits.
Return condition obligations for the nine aircraft modified under the Lease Amendments.
Frontier has no remaining obligation to pay monthly maintenance reserves on any aircraft leases.
$104M was previously recorded as aircraft maintenance deposits on the balance sheet.
Cash flow improves immediately as deposits are disbursed and future reserve payments cease.

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