CDB Aviation Lease Finance DAC (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), has announced the delivery of a new Airbus A320neo aircraft to India-based, low-cost carrier Go Airlines (India) Ltd. (“GoAir”), the company said.
The aircraft is the first of a total of 14 A320neos to be delivered to GoAir as part of a Purchase and Leaseback transaction, which involves a binding agreement for five aircraft and a non-binding Letter of Intent for an additional nine aircraft that are subject to CDB Aviation internal approvals, signed between the airline and CDB Aviation. The program is expected to run through the end of 2019, with the initial five aircraft to be delivered by the end of 2017. The aircraft will join the carrier´s all-A320 fleet and will be operated on its domestic network that connects prominent business metros and leisure destinations across the Indian subcontinent.
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. www.cdbaviation.AERO