Industry CDB Aviation confirms order for 90 A320Neo Family

Dublin based CDB Aviation Lease Finance DAC (CDB Aviation) has announced a firm order for 90 A320 Neo Family aircraft during the Dubai Airshow 2017. The agreement was reached in two steps: an original purchase agreement signed in 2014 for 45 A320 Neo Family aircraft, which remained undisclosed to date, and the firming up of the Memorandum of Understanding (MoU) announced at the 2017 Le Bourget Paris Airshow in June 2017 for an additional 30 A320neo and 15 A321neo aircraft.

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“By confirming today’s order for 90 A320neos, we have doubled our overall order position for the aircraft family. CDB Aviation is now well positioned with a leading order book for the latest technology narrowbody aircraft to realize our aggressive fleet growth plan and further strengthen our ability to serve airline customers around the world with narrowbody fleet requirements,” said CDB Aviation President and Chief Executive Officer Peter Chang.

It is the second order the Irish CDB Aviation confirmed during Dubai Airshow. On November 11, 2017 the leasing company finalized a deal with Airbus competitor Boeing for 42 Boeing 737 MAX 8, 10 B737 MAX 10 and eight B787-9 Dreamliner.

“It is a pleasure to see CDB Aviation firming up another commitment for Airbus products and we are looking forward to strengthen our relationship with such fast growing player in the industry. The order from CDB Aviation is another true endorsement from the lessor community for the A320neo Family,” said Airbus Commercial Aircraft Chief Operating Officer- Customers, John Leahy. 

CDB Aviation Lease Finance DAC (CDB Aviation) is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing) a 33-year-old Chinese leasing company that is backed mainly by the China Development Bank. Based in Dublin, CDB Aviation features a committed fleet of over 300 aircraft.

Source © Airbus.com

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