DUBAI - CDB Aviation Lease Finance DAC, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Company, has confirmed an order for 90 Airbus A320neo family aircraft. The lessor's orders include 32 A321neo and 58 A320neo aircraft.
The agreement was reached in two steps. An original purchase agreement was signed in 2014 for 45 A320neo family aircraft, which at the time was undisclosed. In addition, a June 2017 Memorandum of Understanding for an additional 30 A320neos and 15 A321neos has now been firmed up.
"By confirming today's order for 90 A320neos, we have doubled our overall order position for the aircraft family. CDB Aviation is now well-positioned with a leading order book for the latest technology narrowbody aircraft to realize our aggressive fleet growth plan and further strengthen our ability to serve airline customers around the world with narrowbody fleet requirements," said CDB Aviation President and Chief Executive Officer Peter Chang. "Our business model is grounded in our unmatched access to competitive funding, our industry-leading global team, and the large order book associated with strong strategic OEM partnerships."
"The order from CDB Aviation is another true endorsement from the lessor community for the A320neo family," said John Leahy, Airbus Commercial Aircraft Chief Operating Officer - Customers. "This latest order demonstrates its continued confidence in our product for its airline customers and recognizes the A320neo as a sound financial asset in its portfolio."
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