CDB Aviation doubles NEO order book

CDB Aviation Lease Finance DAC has signed a Memorandum of Understanding with Airbus for 45 Airbus A320neo Family aircraft, including 30 A320neos and 15 A321neos, doubling its overall order position for the aircraft family, the company said.

In addition, 15 A320neo positions from CDB Aviation´s previous order will be converted to A321neo aircraft.

CDB Aviation´s growing order book for the latest technology, most in-demand narrowbody and widebody aircraft and its strong strategic relationships with OEMs are key to the company´s continued success as it seeks to propel itself into becoming a formidable global aviation leasing platform.

The Airbus order follows the signing of a Memorandum of Understanding with Boeing for fifty-two 737 MAXs, including 6 conversions, and eight 787 Dreamliners announced earlier in the week.

CDB Aviation Lease Finance DAC 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.