FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced the delivery of the first of two Airbus A320neo aircraft as part of a sale and leaseback transaction with a new airline customer, Mexico's ultra-low-cost carrier, Viva Aerobus.
“We are delighted to execute this latest transaction for two A320neos in Latin America, supporting Viva Aerobus‘ expansion as one of Mexico’s fastest growing airlines,” commented Luis Da Silva, CDB Aviation Head of Commercial, Americas.
The A320neo aircraft are configured in a single-class layout, fitted with 186 seats. The second aircraft is expected to join the carrier’s all-Airbus fleet in the first quarter of 2020.
“We are very excited about the arrivals of these aircraft. This will keep our sustained growth, in terms of routes and passengers, which we have achieved thanks to a service characterized by low prices and a reliable offer backed by the youngest fleet in Mexico,” noted Juan Carlos Zuazua, CEO of Viva Aerobus. “2019 has been an incredible year. So far, we have already exceeded our record of 10 million passengers per year and have added twenty-three routes to our portfolio.”
Patrick Hannigan, CDB Aviation President and Chief Commercial Officer, added: “Latin American low-cost carriers continue to lead the way in stimulating air passenger demand across the region, achieving impressive market shares in their respective domestic markets. We have installed a robust team in the Americas to cater to a wide range of airline needs, tapping the strength of our global platform to provide the fleet options growing carriers in Latin America need to pursue their expansion strategies.”
About Viva Aerobus
Viva Aerobus is Mexico's low-cost airline. It started operations in 2006 and today operates the youngest Latin American fleet with 36 Airbus A320 in 118 non-stop routes (100 national and 18 international) to 47 destinations (36 national and 11 international). With a clear vision to give all people the opportunity to fly, Viva Aerobus has democratized the airline industry with the lowest rates in Mexico and the lowest costs in Latin America, making their flights the best value offer.
About CDB Aviation
CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”) a 35-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody’s (A1), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is the world’s largest development finance institution. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating.
CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China’s leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606). .
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