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FEBRUARY 2022

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Industry Addendum: Leasing

Lessor CDB wins China customers with its Passenger 2 Freighter joint venture

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February 1st 2022

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CDB Aviation is pushing ahead with expansion into the fast-growing passenger to freighter (P2F) sector with its order for 12 more A330 P2F conversions from a previous order for two for the type. Read More » The conversions will be undertaken by Elbe Flugzeugwerke GmbH (EFW), in a joint venture with ST Engineering and Airbus. The order will bring its A330 P2Fs to 14. The first two conversions are close to completion at EFW’s Dresden facility and are scheduled for imminent delivery to launch customer, Mexico-based MasAir.

The lessor is on track to launch its A330 P2F freighter type in China later this year with recent lease commitments from Sichuan Airlines and Jiangxi Cargo Airlines.

“We have strategically positioned our platform to be the A330 P2F program frontrunner among lessors, CDB Aviation CEO, Patrick Hannigan, said, and added the joint venture company was the lessor’s “first entry into the air cargo space”.

‘We are very satisfied with this program’s progress and momentum to date and look forward to expanding our freighter fleet in collaboration with our partners at Airbus, ST Engineering and EFW,” he said.

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