CDB Aviation to lease 3 737 MAX aircraft from India-based SpiceJet

Ireland-based CDB Aviation has announced it has signed an agreement with India´s low-cost carrier SpiceJet Ltd for the long-term lease of three Boeing 737 MAX 8 aircraft, the company said.

The first MAX is expected to deliver in December 2018, with the remaining two aircraft slated for delivery in September and November 2019. In January 2018, CDB Aviation and SpiceJet entered their first deal for the MAX. With today´s announcement, the carrier will have a total of eight MAX aircraft on long-term lease from CDB Aviation.

SpiceJet Ltd operates 435 average daily flights to 57 destinations, including 49 domestic and 8 international ones. The airline connects its network with a fleet of 39 Boeing 737 MAX and NG jets and 24 Bombardier Q-400s. The majority of the airline´s fleet offers SpiceMax, the most spacious economy class seating in India.

SpiceJet also operates a dedicated air cargo service under the brand name SpiceXpress.

CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited, a 34-year-old Chinese leasing company that is backed mainly by the China Development Bank.