CDB Aviation, an Irish subsidiary of China Development Bank Financial Leasing Co., Limited, has announced it has taken delivery of its 100th Airbus A320 Family aircraft, the company said.
The A320neo aircraft, which will be operated by India´s low-cost carrier Go Airlines Ltd., is part of a purchase and leaseback agreement signed with the carrier earlier in 2018. The delivery marks the overall 125th Airbus aircraft to join the lessor´s fleet.
The aircraft will join GoAir´s all-A320 fleet and will be operated on the carrier´s network that connects prominent business metros and leisure destinations across the Indian subcontinent. Coinciding with the delivery, CDB Aviation and GoAir announced the signing of a purchase and leaseback agreement for the 14th A320neo, which will be delivered toward the end of the year.
GoAir is the aviation foray of the Wadia Group and currently operates across 23 destinations with over 1544 weekly flights and approximately 2,000 plus connections weekly.
CDB Leasing is the only leasing arm of the China Development Bank and a leading 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.