reports
CDB Aviation Completes Mandate to Sell Eight Airbus A330 Aircraft
DUBLIN--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the completion of a mandate to sell eight Airbus A330-200 aircraft. CDB Aviation acted as Servicer to China Development Bank in the transactions. “We are pleased to complete this mandate for our shareholder. This one-of-a-kind transaction demonstrates CDB Aviation's customer-oriented, full-service approach, not only for airlines but also for asset owners,” said Jie Chen, CDB Aviation’s Chief Executive Officer. In addition to deliverin...
CDB Aviation Delivers One A330-300P2F to New Customer MNG Airlines
DUBLIN--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the delivery of one Airbus A330-300 Passenger to Freighter (“P2F”) aircraft to a new customer in Türkiye, MNG Havayollari ve Tasimacilik A.S. (“MNG Airlines”). The high-in-demand A330 P2F aircraft, which offers more cargo volume and lower cost-per-ton than other available freighter aircraft types with a similar range, will help advance MNG Airlines’ ambitious growth and fleet modernization targets. “We are delighted to welcome MNG...
CDB Aviation Closes $700 Million Loan Aircraft Portfolio Financing
DUBLIN--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today that the lessor entered into a US$700 million facility agreement secured with a portfolio of Airbus and Boeing narrowbody and widebody aircraft on lease to various of the lessor’s airline customers. The facility is financed by a group of leading MLA banks, including Natixis, CACIB, BNP Paribas, the Korean Development Bank, the Hongkong and Shanghai Banking Corporation Limited, Bank of China (Hong Kong) Limited, Bank of Communications C...
CDB Aviation Delivers First of Two A320neo Aircraft to Beibu Gulf Airl...
NANNING, China--(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 A320-200neo aircraft on lease to a new Chinese airline customer, Nanning-based Guangxi Beibu Gulf Airlines (“Beibu Gulf Airlines;” aka “GX Airlines”). The first LEAP-1A26 engine-equipped aircraft was delivered to the HNA Group-affiliated subsidiary in July 2024, with the second aircraft anticipated to be received by the carrier in September 2024. With the addition of CDB Aviation’s two A320n...
CDB Aviation Celebrates Delivery of Sichuan Airlines’ 200th Aircraft
CHENGDU, China--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), joined a grand ceremony held at Chengdu Shuangliu International Airport on July 9, 2024, to celebrate the delivery of a second Airbus A330-300 Passenger to Freighter (“A330 P2F”) on lease to its existing customer, Sichuan Airlines. This press release features multimedia. View the full release here: A ceremony held on July 9, 2024, at Chengdu Shuangliu International Airport celebrated the delivery of Sichuan Airlines’ second Airbus A330-300 Pass...
CDB Aviation Leases Two New 737 MAX 8 Aircraft to TAROM
BUCHAREST, Romania--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the signing of lease agreements for two Boeing 737 MAX 8 aircraft with a new customer, Romanian flag air carrier TAROM. The two MAX aircraft, leased from CDB Aviation’s direct orderbook with Boeing, will support TAROM’s fleet modernization process, which is aimed to result in a standardized fleet and allow for a significant reduction in costs. The aircraft will be configured with 189 seats and scheduled to be delivered to t...
CDB Aviation Leases Three A320neo Aircraft to Colorful Guizhou Airline...
TIANJIN, China--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced the delivery of the first of three Airbus A320neo aircraft to a new Chinese airline customer, Colorful Guizhou Airlines Co., Ltd. (“Colorful Guizhou Airlines”). This press release features multimedia. View the full release here: Colorful Guizhou Airlines took delivery of a brand new A320-251N on lease from CDB Aviation in Tianjin, China. The aircraft arrived in Guiyang City, Guizhou Province, China, on June 14, 2024. (Photo: Business ...
CDB Aviation Leases Two New A320neos to New Customer Azerbaijan Airlin...
BAKU, Azerbaijan--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the execution of lease agreements for two Airbus A320neo aircraft with a new customer and one of the largest carriers in the Commonwealth of Independent States (the “CIS”) countries, Azerbaijan's national air carrier, Azerbaijan Airlines (“AZAL”). The A320-251 aircraft will be scheduled to be delivered in June and July 2025 and will support the airline’s fleet renewal strategy targeted to equip the carrier with the most moder...
CDB Aviation Releases 2023 Sustainability Report
DUBLIN--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), today released its second sustainability report, outlining Environmental, Social and Governance (“ESG”)-related activities for the year 2023. “I am delighted to present CDB Aviation’s second sustainability report and provide an update on the progress made in building a more sustainable fleet, reducing our emissions, and creating a workforce with the right knowledge and skills to deliver on our sustainability ambition,” commented Jie Chen, CDB Aviation...
CDB Aviation Purchases Four Airbus Aircraft from Avolon
DUBLIN--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), has closed the purchase of four aircraft from Avolon. The purchased assets comprise one A330-900, two A321neo, and one A320ceo aircraft, and contain both fixed and floating rate leases with CDB Aviation’s existing and new airline customers. “We are very pleased to have partnered with the Avolon team to carry out the acquisition of these predominantly new-gen assets on lease to some of our existing and new lessees, which allow us to further grow our ...
CDB Aviation Leases Additional Seven Narrowbody and Widebody Aircraft ...
ISTANBUL--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the signing of new lease agreements for a fleet of an additional seven narrowbody and widebody aircraft with its existing customer, Turkish Airlines (“Turkish”), the flag carrier of Türkiye. Under the new agreements, one used Airbus A330-343 will be delivered in May 2024 to support the expansion of Turkish’s mainline international operations, while another six Boeing 737 MAX 8 aircraft will be received between 2025 and 2026 by the ca...
CDB Aviation Leases Two A330-300s to Thai Airways
BANGKOK--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the signing of a lease agreement for two used widebody aircraft, Airbus A330-300s, with Thai Airways International Public Company Limited (“Thai Airways”), the national airline of Thailand. “We are delighted to be welcoming Thai Airways to our growing Asian Pacific customer base,” stated Jie Chen, CDB Aviation’s Chief Executive Officer. “The increased widebody fleet will strengthen the carrier’s position across its key intra-Asian mar...
CDB Aviation Enters Into Inaugural Sustainability Linked Loan for $625...
DUBLIN--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today that the lessor entered into its inaugural Sustainability Linked Loan (“SLL”) on December 1, 2023, anchored with a $625 million syndicated term loan facility. “This innovative facility marks a landmark transaction for the aviation finance space,” underscored Jie Chen, CDB Aviation’s Chief Executive Officer. “We’re thrilled to have leveraged our comprehensive sustainability strategy, with a particular focus on the activities across the ...
CDB Aviation Leases Fleet of Six Boeing and Airbus Aircraft to Hainan ...
SINGAPORE--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced on the sidelines of Airline Economics’ Growth Frontiers 2023 Singapore conference the signing of lease agreements for a fleet of three new Boeing 737 MAX 8 and three Airbus A320neo aircraft with its existing Chinese airline customer, Hainan Airlines Co. Ltd (“Hainan Airlines”). “We are very pleased to be building on our long-standing relationship with Hainan Airlines as they position their airlines to expand into the coming decade, aiming...
CDB Aviation Delivers First of Six A320neos to Air India
NEW DELHI--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the delivery of the first of a fleet of six Airbus A320neo aircraft to India’s leading global airline, Air India. In 2022, CDB Aviation became one of the first aircraft leasing companies to secure the placement of Air India’s additional A320neo aircraft, which will support the carrier’s multi-stage transformation initiative that is being rolled out post its acquisition by the Tata group. By incorporating the A320neo aircraft into...
CDB Aviation Leases Three A321neos to KLM
DUBLIN--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the signing of lease agreements for three new Airbus A321neo aircraft with KLM Royal Dutch Airlines (“KLM”). “We are thrilled to be expanding our long-standing relationship with KLM through the addition of these brand new A321neos to their fleet on operating lease,” said Peter Goodman, CDB Aviation’s Chief Commercial Officer. “These next generation aircraft offer the best performance in their category for the group’s network needs, ben...
CDB Aviation Leases A321NX to New European Customer AEGEAN
DUBLIN--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the execution of a lease agreement with the flag carrier of Greece, Aegean Airlines (“AEGEAN”), for one Airbus A321-271NX from the lessor’s orderbook. The Athens-based carrier is expected to take delivery of the aircraft in spring 2025 as it continues to expand in the European region by renewing its fleet and operating to new destinations, targeting to meet the robust passenger traffic levels to and from the country that are well ahead...
CDB Aviation Signs Lease Agreements with Turkish Airlines for Six 737 ...
DUBLIN--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the signing of lease agreements for a series of six Boeing 737 MAX 8 aircraft to its current customer, Turkish Airlines (“Turkish”), the flag carrier of Türkiye. All six aircraft are part of the lessor's existing orderbook with Boeing. They will be powered by CFM International Leap-1B engines and built with the AnadolouJet-specific configuration, which is a subsidiary of Turkish Airlines. Deliveries are set to take place in 2024 and 20...
CDB Aviation Sells One E190 to African Carrier Airlink
DUBLIN--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the execution of a sale and purchase agreement for one Embraer E190 aircraft with South African airline Airlink. The aircraft, previously on lease to BA Cityflyer, was delivered to Airlink in May 2023, coinciding with the airline’s celebration of connecting Southern Africa for 31 years. The transaction was the inaugural sale of the aircraft type from CDB Aviation’s portfolio. Prior to the sale, the lessor had 20 units of the E190 in it...
CDB Aviation and T’way Air Sign Lease Agreements for Two 737 MAX 8 Air...
DUBLIN--(BUSINESS WIRE)-- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the signing of lease agreements for a duo of brand-new Boeing 737 MAX 8 aircraft with South Korea’s T’way Air (“T’way”). Delivering from the lessor’s orderbook with Boeing, the South Korean carrier is expected to take delivery of the two aircraft between January and November 2024. “We’re pleased to be strengthening our relationship with T’way, one of the fastest growing low-cost carriers in South Korea, with this transaction for two ...
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