CDB Aviation confirms Airbus order for 90 A320neo family aircraft

CDB Aviation Lease Finance DAC, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited, has announced that it has confirmed an order for 90 Airbus A320neo Family aircraft during the 2017 Dubai Airshow, the company said.

The lessor´s order book now comprises a total of 90 A320neo Family aircraft, including 32 A321neo and 58 A320neo aircraft.

The agreement was reached in two steps: an original purchase agreement signed in 2014 for 45 A320neo Family aircraft, which remained undisclosed to date; and the firming up of the Memorandum of Understanding (MoU) for an additional 30 A320neo and 15 A321neo aircraft announced at the Le Bourget Paris Airshow in June 2017.

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. 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 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).