CDB Aviation delivers first of 2 A320neo aircraft to Mexican carrier Viva Aerobus to advance expansion

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), has announced the delivery of the first of two Airbus A320neo aircraft as part of a sale and leaseback transaction with Mexico´s ultra-low-cost carrier, Viva Aerobus, the company said.

The A320neo aircraft are configured in a single-class layout, fitted with 186 seats. The second aircraft is expected to join the carrier´s all-Airbus fleet in the first quarter of 2020.

Viva Aerobus is Mexico´s low-cost airline. It started operations in 2006 and today operates the youngest Latin American fleet with 36 Airbus A320 in 118 non-stop routes (100 national and 18 international) to 47 destinations (36 national and 11 international). With a clear vision to give all people the opportunity to fly, Viva Aerobus has democratized the airline industry with the lowest rates in Mexico and the lowest costs in Latin America.

CDB Aviation is a 35-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody´s (A1), S&P Global (A), and Fitch (A+). 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.