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CDB Aviation leased 162 aircraft in 2017
January 26th 2018
CDB Aviation, the wholly-owned subsidiary of China Development Bank Financial Leasing Co. (CDB Leasing), executed 162 aircraft lease transactions in 2017, setting a new record for the Dublin-headquartered firm. Read More »
To December 31, CDB Aviation delivered 38 new aircraft to 15 airline customers in nine countries, mostly in the Asia-Pacific.
In December, CDB completed the delivery of an initial order of five A320neo to Indian low-cost carrier GoAir, handed over the first of three A320neo to Malaysia’s AirAsia Berhad and dispatched an A321ceo to Asiana Airlines. This aircraft will be operated by Air Seoul and marked the first new aircraft for the budget subsidiary.
In 2017, CDB Aviation completed sale agreements for 45 A320neo, 52 B737 MAXs and eight B787s.CDB Aviation’s has a fleet of 215 owned and managed aircraft on operating or finance leases and 184 committed aircraft in its forward order book with Airbus and Boeing.
“Throughout this past year, the CDB Aviation team achieved several major milestones on our path to building a best-in-class global aircraft lessor,” said CDB Aviation president and CEO, Peter Chang. “We continued to deliver on our strategic goals of expanding global operations, providing an excellent experience to airline customers in all key markets, diversifying funding sources, and accelerating growth of aircraft portfolio.”
The lessor noted it had been guaranteed “unconditionally and irrevocably … a US$3 billion medium-term note program, under which US$800 million was drawn down.”
