CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited announced today the delivery of the first of a fleet of six Airbus A320neo aircraft to India’s leading global airline, Air India.
In 2022, CDB Aviation became one of the first aircraft leasing companies to secure the placement of Air India’s additional A320neo aircraft, which will support the carrier’s multi-stage transformation initiative that is being rolled out post its acquisition by the Tata group. By incorporating the A320neo aircraft into the fleet, Air India aims to significantly reduce its carbon footprint, contributing to a greener and more sustainable future for India’s aviation sector.
“India is a key market for CDB Aviation, being one of the fastest growing aviation regions in the world and the second largest Asian market for new aircraft deliveries, with nearly 1,000 jets on order with Boeing and Airbus,” underscored Peter Goodman, CDB Aviation’s Chief Marketing Officer. “Our commercial team is delighted to have worked closely with Air India to address their fleet requirements with these new Airbus narrowbody aircraft from our order book. We are confident that these aircraft will play a pivotal role in Air India’s multi-stage transformation.”
CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”) a 38-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody’s (A2), S&P Global (A), and Fitch (A+). 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.