CDB Aviation Executes Sale and Leaseback Transaction with New Middle Eastern Customer Jazeera Airways

CDB Aviation announced this week the signing of a sale and leaseback agreement for two Airbus A320neo aircraft with a new customer in the Middle East, Kuwaiti carrier Jazeera Airways. 

The two neos will be configured with 174 economy class seats. The airline is expected to take delivery of the aircraft in September 2022.

“We’re thrilled to welcome a new customer in a new jurisdiction for our company,” pointed out Paul Boyle, CDB Aviation’s Head of Europe, the Middle East & Africa. “These aircraft will enable Jazeera to make further progress in expanding its services and capacity to serve short and medium-haul routes as it reinforces its position as one of the strongest airlines in the region.”

“Jazeera has a strong focus on growth over the coming years, and our fleet expansion plans have been greatly assisted by this new agreement with CDB Aviation,” Rohit Ramachandran, Chief Executive Officer of Jazeera Airways. “By taking two additional A320neos this year, we will be able to add more destinations to our network and increase frequencies on popular routes. We are pleased to be partnering with CDB Aviation to enable this important deal.”

CDB Aviation Leases Two A320neo Aircraft to Aer Lingus

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited, has agreed to lease two Airbus A320neo aircraft to the Irish flag carrier, Aer Lingus, for delivery during this summer season. The transaction marks the introduction of the first A320neo variant in the airline’s growing fleet.

The aircraft, which are fitted with 186 seats in an all-economy layout, will be delivered to Aer Lingus in July 2022 and will become part of the backbone of its short-haul fleet, operating on routes between Ireland and European destinations.

“We are very pleased to be joining our new European customer, Aer Lingus, on their flight path toward a carbon-neutral future through the financing of their inaugural A320neos,” commented Peter Goodman, CDB Aviation’s Chief Marketing Officer. “These latest-generation aircraft will well complement Aer Lingus’ strategic investments in their future fuel-efficient, modern fleet.”

Aer Lingus is part of IAG, the first airline group worldwide to commit to achieving net-zero carbon emissions by 2050. The group is targeting to achieve a 10% reduction in CO2 per passenger kilometre by 2025 and a 20% reduction in net emissions by 2030.

Speaking about the acquisition of two new aircraft for Aer Lingus’ short-haul fleet, Lynne Embleton, CEO of Aer Lingus, said: “This is a great opportunity to bring new, state-of-the-art aircraft into our short-haul fleet. Renewing our fleet is one of the key ways for Aer Lingus to meet our sustainability targets, which is a priority for us over the coming years.”

"The new generation Airbus A320neo aircraft is much more sustainable in terms of fuel burn and CO2 emissions, and this is not only important to Aer Lingus but also to our customers. Equally, the more environmentally friendly aircraft incur lower landing charges in some key airports, so these new A320neos will help us to reduce costs,” added Embleton.

Patrick Hannigan, CDB Aviation’s Chief Executive Officer, concluded: “Our teams worked hand in hand to expediently execute this transaction as an important element of the Irish flag carrier’s recovery plan from the impact of the pandemic on air travel. The A320neo’s operating advantages will also further strengthen Aer Lingus’ leading position among European airlines in enhancing connectivity with a focus on improving efficiency and reducing aviation’s environmental footprint.”

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CDB Aviation Names Brian Dowling Chief Technical Officer

CDB Aviation Names Brian Dowling Chief Technical Officer

The Irish subsidiary of China Development Bank Financial Leasing, CDB Aviation has announced the appointment of Brian Dowling as Chief Technical Officer.

 With a long-standing career spanning over four decades in the aircraft leasing and Airline Maintenance, Repair & Overhaul (“MRO”) industries, Dowling is a highly regarded technical expert, who has handled a broad range of complex transactions, including aircraft transitions, as well as has led LOI and lease execution and has overseen relationships with global OEM and MRO organizations.

“Brian has led our technical team during this past year, exhibiting a profound understanding of our platform’s unique technical requirements,” commented Patrick Hannigan, CDB Aviation’s Chief Executive Officer. “It’s no easy task in any environment to gauge and respond to business requirements in this area. The notable results he and his team have achieved under his leadership leave no question as to Brian’s capabilities. We’re thrilled to welcome him to our leadership team.”

Dowling joined the company in 2017 as Head of Transitions and Transactions. While overseeing technical support to the airline marketing and aircraft trading functions, he also led technical operations in regional offices in Ireland, Asia Pacific, and the Americas. Prior to CDB Aviation, Dowling was Senior Vice President, Technical & Asset Management, at SMBC Aviation Capital. Previously, he was Hangar Line Manager & Senior Quality Assurance Manager with Lufthansa Technic Shannon, Aer Lingus, Dan Air, and Nigeria Airways. He started his career as Avionic Licensed Engineer at Gatwick and Dublin Airports.

Dowling is an FAA and EASA certified engineer. He earned his M.Sc. in Air Transportation Management from City University, London. He was a lecturer in CIT’s Aircraft Acquisition and Finance course and is currently teaching in the Master’s in Aviation program at Cranfield University.

“Leading our technical operations as offered me a superb challenge, especially in light of the aviation business’ cyclical nature and the pandemic’s astounding ramifications for the industry,” said Brian Dowling, CDB Aviation’s Chief Technical Officer. “I find the people aspect of my role most rewarding because my colleagues bring incredible ingenuity to every challenge. I look forward to furthering the efforts in support of leasing customers and, as importantly, the team here at CDB Aviation.”

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CDB Aviation Further Expands Relationship with Avianca

CDB Aviation has signed new lease agreements with Avianca for two Airbus A330-300 Passenger to Freighter and one A320neo aircraft.

The new agreements bring the total of CDB Aviation aircraft on lease to Colombia’s flag carrier to 8. In addition to the newly leased aircraft, the carrier is expected to take delivery of an additional five A320neos from the lessor between 2022 and 2023.

“We are very pleased to broaden our collaboration with the Avianca team through the addition of these aircraft to support their passenger and cargo businesses,” commented Luís da Silva, CDB Aviation Head of Commercial, Americas. “Both the fuel-efficient neo and P2F freighters are high-in-demand aircraft, which will help advance the airline’s strategy of equipping its fleet with environmentally sustainable, new technology aircraft, as well as supporting the growth of its cargo operations to capitalize on the booming demand for air freight within Latin America.”

Francisco Raddatz, Avianca's Vice President, Fleet, said: “We are happy to strengthen our partnership with CDB Aviation supporting our passenger and cargo fleet growth.”

Gabriel Oliva, CEO of Avianca Cargo, added: "We are pleased to announce the arrival of these aircraft to our cargo fleet. With their incorporation, we will not only offer greater capacity, but also an increasingly robust and flexible route network focused on the needs of our customers and facilitating trade between Latin America and the entire world. We reaffirm our commitment to continue boosting the economies of the region, serving as a strategic ally for our customers and the industries.”

“With an expected resurgence in demand across Latin American markets we believe the planned growth initiatives of Avianca Group are very exciting as airlines are gearing up for a recovery with more versatile fleets, which are aimed to maximize network flexibility and improve efficiency and sustainability,” underscored Peter Goodman, CDB Aviation Chief Marketing Officer. “CDB Aviation’s commercial team continues to expand outreach across key markets, pursuing aircraft transactions through placements from our order book as well as identifying opportunities in the sale and leaseback channel.”

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CDB Aviation Promotes Fiona Scott to Newly Created Role of Chief People Officer

CDB Aviation has announced the promotion of Fiona Scott to the newly created role of Chief People Officer.

 

In her new role, as a member of the CDB Aviation C-suite, Scott will be responsible for setting and overseeing the execution of the business' overall people strategy in line with its ESG goals, leading all aspects of talent acquisition and engagement, training and development, performance management, as well as building an agile culture of diversity, inclusivity, and personal growth.

“As a world-spanning and fast-growing platform, there is no doubt that people are our most valuable asset,” underscored Patrick Hannigan, CDB Aviation’s Chief Executive Officer. “Cultivating an inclusive and highly engaging culture, underpinned by an effective people organization, is the key to ensuring our company’s resiliency and delivering utmost value to our stakeholders. Fiona is well suited to lead the way in shaping our people organization as we continue to grow and build on our successes.”

Scott initially supported the company as a talent acquisition advisor and, in 2019, assumed the position of Head of Human Resources to lead the lessor’s strategic human resources (“HR”) and change management initiatives. She recalibrated the HR function to operate in a lean, compliant, and efficient manner, with strong corporate governance and an open channel of communication with the shareholder and C-suite.

“I am very excited to step into this expanded role to lead our people organization,” said Fiona Scott, CDB Aviation’s Chief People Officer. “The challenges of today’s workforce are aplenty, particularly for a company that operates in such a dynamic, globalized environment. At CDB Aviation, our people have always been our strategic differentiator, and we are fortunate to have a tremendous group of contributors. I look forward to driving programs that will support improved performance and ensure that we have a best-in-class workplace.”

With more than 20 years of experience in managing talent and operations, Scott has served in managerial and consulting roles at several organizations, both in Ireland and across Europe. In 2017, Airline Economics recognized her as one of the industry’s ‘40 under 40.’ Scott co-founded PropelHer, a grass roots initiative focused on the exchange of ideas, opinions, and experiences around topics relevant to the aircraft leasing industry. She also serves on the Board of Directors of Advancing Women in Aviation Roundtable (“AWAR”) and not-for-profit Aoibhneas. Scott is a graduate of Dublin City University. She earned a B.A. in International Marketing and Languages and is currently completing a M.Sc. in Talent, Leadership & HR Strategy.

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CDB Aviation gets first Airbus A330 P2F freighter

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited has taken delivery of the first freighter aircraft in the lessor’s history, an A330-300 passenger-to-freighter.

The aircraft was converted by Elbe Flugzeugwerke GmbH -EFW and is the first of two A330 P2Fs leased to the lessor’s launch customer, Mexico-based cargo carrier, mas. The carrier is expected to take delivery of the second aircraft in May.

“This is an important and historic day for CDB Aviation as we see the fruit of two years of intense work and collaboration, culminating in the delivery of our very first A330 P2F since we made the strategic entry into freighter aircraft leasing,” asserted Patrick Hannigan, CDB Aviation’s Chief Executive Officer. “We are grateful to the mas team for trusting CDB Aviation to be a partner in supporting their innovative fleet strategy and for being our very first A330P2F customer.”

Luis Sierra, mas’ Chief Executive Officer, remarked: “We feel honoured that CDB Aviation trusted mas to be its first A330 P2F customer. For us, operating the -300 variant will open amazing opportunities in regional markets where there is a need for highly reliable aircraft, providing enough volume. Working together on this process was amazing, and we are already looking at ways to do more business with the CDB Aviation team.”

“We are glad about the in-time, in-quality re-delivery of the first A330P2F to our customer CDB Aviation. With this first of many more to come conversions we proved meeting customer expectations in these very challenging times,” commented Jordi Boto, Elbe Flugzeugwerke GmbH‘s Chief Executive Officer.

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Volaris does new sale and leaseback deal on five Airbus planes with CDB Aviation

Volaris an ultra-low-cost carrier from Mexico operating point-to-point flights across Mexico, the United States and Central America has done a new sale and leaseback deal on five Airbus Aircraft, comprising of two A320neos and three A321neos with China Development Bank Financial Leasing Company subsidiary CDB Aviation.

The new agreement brings the number of CDB Aviation aircraft on lease to Volaris to a total of thirteen aircraft, which were secured through the lessor’s order book with Airbus, as well as Sale and Leaseback transactions with and without Pre-Delivery Payments. Four of the aircraft were already delivered and the further nine will be delivered by the fourth quarter of 2024.

“We are thrilled to be deepening our ongoing collaboration with the Volaris team in support of efforts to bolster their leadership position in the Mexican domestic market and execute on an aggressive strategy of growth and strong operational performance,” asserted Luís da Silva, CDB Aviation Head of Commercial, Americas.

“With one of the youngest, most fuel-efficient fleets in America, and alongside partners at CDB Aviation, we reinforce our ESG strategy to ensure sustainable growth in the long term. These deliveries will also bring our clients the best flying experience in the most modern technology aircraft,” said Enrique Beltranena, Volaris’ President and Chief Executive Officer.

Peter Goodman, CDB Aviation’s Chief Marketing Officer, concluded: “CDB Aviation is well-positioned to provide airlines with access to an established fleet of varied new and used aircraft types as well as wide-ranging and innovative financing solutions, anchored with the platform’s robust ability to expediently secure aircraft placements through SLB and PDP transactions.”

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New Russian law makes it harder for leased aircraft to be returned.

Aircraft leasing firms will find it much harder to repossess aeroplanes in Russia after authorities implemented a new law that allows foreign jets to be registered in Russia.

The main Russian carriers have over 500 leased aircraft with a value of £7.7 billion in the country and those foreign leasing firms only have until 28th March to retrieve aircraft before sanctions are applied.

In the last few days, aviation authorities in both Bermuda and Ireland advised they were suspending the airworthiness certificates of all aircraft in Russia that are on their registrations, which is the bulk of foreign leased aircraft.

The new regulations, signed into law by President Vladimir Putin, would allow those aircraft to be registered in Russia and get their safety certification which allows those planes to keep flying, albeit within Russian airspace. 

SMBC Aviation Capital leases 35 aircraft to Aeroflot, S7 Airlines, Nordstar Airlines, Ural Airlines and Nordwind Airlines and has now complied with sanctions and was terminating those leases.

 AerCap, the leasing giant based in Dublin has a large contingent of its owned fleet currently placed with Russian airlines and is unsure when and if it will get those 152 planes back. BOC Aviation also has a number of aircraft with Russian airlines, however, as a wholly-owned subsidiary of the Bank of China, it is unlikely to repossess those aircraft at this stage. 

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CDB Aviation moves forward with A330 P2F strategy with new conversion order and freighter introduction in China

CDB Aviation detailed new developments in its A330 passenger-to-freighter (“A330 P2F”) strategy and related commercial activity at the Singapore Airshow. 

Advancing its already leading position in the A330 P2F conversion segment, CDB Aviation committed to an additional twelve conversions with EFW, expanding its A330 P2F fleet to fourteen aircraft. Moreover, the lessor is on pace to launch the A330-300 P2F freighter type in China in 2022, with lease commitments from Sichuan Airlines and Jiangxi Cargo Airlines.

Orders twelve more conversions from Elbe Flugzeugwerke GmbH (“EFW”), bringing the A330 P2F fleet to fourteen aircraft

Launches the A330-300 P2F type in China, backed by new leases with Sichuan Airlines and Jiangxi Cargo Airlines

Debuts first A330 P2F conversions to be performed in Shanghai, China, and Mobile, Alabama, U.S.A.

Becomes the largest lessor of EFW-converted A330 P2Fs

“We have strategically positioned our platform to be the A330 P2F program frontrunner among lessors,” commented Patrick Hannigan, CDB Aviation’s Chief Executive Officer, adding that the A330 P2F marked the lessor’s first entry into the air cargo space. “We’re very satisfied with this program’s progress and momentum to date and look forward to further expanding our freighter fleet in collaboration with our partners at Airbus, ST Engineering, and EFW.”

CDB Aviation was one of the first lessors to secure conversion commitments for the A330 P2F, contracting two initial conversions with EFW in November 2020. With this latest order, the company will become the largest lessor of EFW-converted A330 P2Fs, with a total of fourteen aircraft in its fleet.

“The A330 P2F continues to gain traction as the preferred next-generation type in the fast-growing Medium Widebody Freighter space. It is delivering to cargo operators the most advanced fly-by-wire technology, increased volumetric capacity for today’s less dense freight, reduced fuel consumption, a lower environmental footprint, and the benefits of Airbus fleet commonality,” added Hannigan.

“We are proud to have leading lessor CDB Aviation on board, growing its orders for A330 P2Fs,” said Andreas Sperl, EFW’s Chief Executive Officer. “The A330 P2F program is proving highly popular, and we now have over eighty aircraft on order. EFW is leading the overall A330 P2F program, which is a collaboration between ST Engineering, Airbus, and EFW. To ensure we can meet the rising demand for freighter conversions, EFW and ST Engineering are in the process of ramping up their conversion capacity.”

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CDB Aviation Completes Deliveries of Seven 737 MAX Aircraft to Brazil’s GOL

CDB Aviation, announced today the delivery of the last of seven Boeing 737 MAX 8 aircraft to GOL Linhas Aéreas Inteligentes S.A. Brazil’s largest domestic airline.

The aircraft, configured with a 186-seat layout, incorporating both GOL+Conforto and GOL Premium class seats, were delivered from the lessor’s order book with Boeing as part of the lease agreements originally signed with the carrier in 2020.

“Our teams worked side-by-side to execute leases and deliver all these aircraft in very adverse conditions throughout the pandemic. GOL is a great customer that has all our trust,” pointed out Luís da Silva, CDB Aviation’s Head of Commercial, Americas. “The 737 MAX is expected to transform GOL’s fleet, providing significant efficiency gains, while supporting deeper penetration into existing markets and new opportunities for expansion.”

"The delivery of this last aircraft in a package of seven 737 MAX 8s from CDB Aviation marks a milestone in GOL history, our MAX fleet reaching twenty-four aircraft with this delivery. This accelerated fleet transformation plan ensures we can serve our customers better, with more comfort and environmental responsibility,” said Celso Ferrer, GOL’s COO. “The MAX being a key component in the company’s goal to reach carbon neutrality by 2050, as this aircraft consumes 15% less fuel, produces 16% fewer carbon emissions, and 40% less noise, and has a greater flight range than the next generation aircraft.”

“GOL has been at the forefront of the industry, making investments during the pandemic in the modernization of their fleet and accelerating expansion plans in anticipation of the strong recovery of air travel in the post-pandemic environment,” contended Peter Goodman, CDB Aviation’s Chief Marketing Officer. “Our commercial team remains steadfast in finding ways to support customers’ unique needs, enabling them to remain competitive and tap into growth opportunities.”

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CDB Aviation Names Michelle Wu Head of Commercial, Greater China

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd., announced the appointment of Michelle Wu as Head of Commercial, Greater China.

“Michelle is a seasoned aviation executive, well versed in anticipating and addressing the critical needs of airlines and leveraging market opportunities to stimulate growth, who will further entrench our comprehensive coverage within the Chinese market,” commented Peter Goodman, CDB Aviation Chief Marketing Officer.

Wu’s more than three decades of experience in aviation finance and aircraft leasing is anchored with her impressive history of transactional execution, deal origination and negotiation, as well as her vast network of connections with Chinese airlines and key aviation stakeholders.

Wu joins CDB Aviation from GECAS, where she spent a more than two-decade career holding various executive roles focused on executing marketing efforts and nurturing key airline relationships in the region. Most recently, she was Senior Vice President Marketing Commercial & Regional Manager China, leading the lease placement, extension, and sale and leaseback of more than 350 new and used aircraft and freighters. Prior to GECAS, Wu was Deputy Director of Leasing Office at Civil Aviation Administration of China (“CAAC”), where she arranged aircraft financings for CAAC affiliate airlines and, in her regulatory capacity, participated in drafting the related aviation laws and regulations in China. Wu holds an undergraduate degree from Nankai University and a postgraduate degree from the University of Limerick.

“I look forward to working alongside my colleagues, tapping into my intricate market knowledge and relationships, to deepen our customer relationships and seek further growth opportunities in China,” commented Michelle Wu, the newly appointed Head of Commercial, Greater China.

Patrick Hannigan, CDB Aviation’s Chief Executive Officer, concluded: “CDB Aviation’s ongoing growth and success in the marketplace will continue to be driven by a priority focus on China and its significance as a critical aviation market. Michelle is a leader of the highest calibre and joins our best-in-class team of leasing and finance leaders who deliver on the strength of our brand as a global, full-service lessor. Our team remains focused on our long-term vision by working with airline customers, our shareholder, and other stakeholders to support the industry recovery while building for the future.”

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Delivery of 15 new Boeing aircraft to United completed.

CDB Aviation has confirmed the completion of deliveries of a fleet of fifteen new Boeing aircraft to U.S.-based United Airlines. The sale and leaseback transaction covered a fleet of two 787-9 Dreamliners and thirteen 737 MAX 8 aircraft, which were delivered between 2020 and 2021.

“We want to thank members of both the United and CDB Aviation teams who collaborated on structuring and expediently executing this complex transaction during a particularly challenging period for the industry,” applauded Peter Goodman, CDB Aviation Chief Marketing Officer.

Pointing to the importance of building a key strategic relationship with the world’s fourth-largest airline measured by revenue while further expanding the lessor’s footprint in the Americas, Goodman emphasized the transaction’s role in “supporting United management’s efforts to streamline their fleet and enhance operating economics as they work toward the resumption of sustained, long-term growth.”

The two 787-9s are powered by General Electric GEnx engines and configured in a 257-seat layout with the new Polaris and Premium Plus cabins. As air travel returns, these widebody aircraft are expected to deliver the advantages of lower fuel consumption and efficient economics to open new routes and markets.

CDB Aviation Signs International Aircraft Lease Agreements for Five A320neo Aircraft with Avianca

CDB Aviation announced it has agreed on aircraft lease agreements with Colombia’s flag carrier Aerovías del Continente Americano S.A. Avianca - Avianca for a fleet of five Airbus A320neo aircraft.

With deliveries from the lessor’s order book planned for 2022 and 2023, the aircraft are leased on a long-term basis and configured with three different seat types: Premium, Plus, and Economy.

“We are delighted to strengthen our partnership with the longest-running airline in the Americas through a transaction that will help drive the carrier’s new strategy, with environmentally sustainable, new technology aircraft,” commented Luís da Silva, CDB Aviation Head of Commercial, Americas. “These new technology aircraft, featuring lower fuel consumption and superior operating characteristics, will advance Avianca’s commitment to the environment and position the airline for a very bright future amidst the ensuing recovery.”

Francisco Raddatz, Avianca's Vice President, Fleet, said: “We value CDB Aviation´s support and confidence in our new business model and we are happy to continue incorporating new technology aircraft that will support our network growth reducing the environmental footprint.”

CDB Aviation’s commercial team continues to expand outreach to carriers in all aviation markets, pursuing aircraft transactions through placements from its order book as well as identifying opportunities in the sale and leaseback channel.

“With the gradual easing of travel restrictions and accelerating vaccination programs across the Americas, the region’s airlines are increasingly gearing up for a recovery with more versatile fleets that can provide network flexibility, maximize capability while minimizing risk, and improving efficiency and sustainability,” underscored Peter Goodman, CDB Aviation Chief Marketing Officer.

“Our team continues to be focused on availing the carriers of the attractive financing conditions and access to the required capacity to meet a resurgence in demand,” emphasized Goodman. “We are ready and able to execute major, complex transactions in support of our customers to address their rapidly evolving requirements and position their networks for efficient recovery,” concluded Goodman.

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CDB Aviation buy four Airbus A320neo from Volaris and lease them back.

CDB Aviation announced the signing of a new agreement with Mexico’s number one airline, Volaris, for the sale and leaseback of four new Airbus A320neo aircraft.

The aircraft, two of which are scheduled to deliver to Volaris by October 2021, with the remaining two expected to arrive by May 2022, are leased on a long-term basis, bringing the total of CDB Aviation aircraft on lease to the carrier to 6.

Luís da Silva, CDB Aviation Head of Commercial, Americas, said: “We are very pleased to offer tremendous value to our existing customer, Volaris, by leveraging the financial strength of our balance sheet and platform’s ability to move quickly in today’s demanding market conditions.”

The neos will support the optimization of the carrier’s fleet plan as it targets to reinforce its low-unit cost operating model to meet post-COVID-19 traffic requirements in alignment with the company’s sustainability strategy.

“Volaris will continue an aggressive strategy on growth and strong operational performance. Therefore, our fleet expansion is one of the main pillars of our ultra-low-cost model and will help us reinforce both local and international presence in all the markets we serve,” said Holger Blankenstein, Volaris’ Executive Vice President.

CDB Aviation executes $660 million portfolio financing backed by 13 Airbus and Boeing aircraft

CDB Aviation has announced the company has entered into a facility agreement for the secured portfolio of thirteen Airbus and Boeing aircraft, valued at approximately US$660 million. The transaction brings the lessor’s executed financings year-to-date to a total of US$2.53 billion.

The first large-sized portfolio financing executed by the lessor since the onset of the COVID-19 pandemic is secured with a combination of Airbus A320-200 and A350-900 as well as Boeing 737 MAX 8 and 787-9 Dreamliner aircraft.

“Diversifying financing sources at a competitive cost of capital is one of our key objectives,” underscored CDB Aviation Chief Financial Officer Brendan O'Neill, noting that the transaction demonstrates the strong and wide-ranging relationships the company has built over the years with members of the banking and capital markets communities.

Two A330-300 P2F aircraft for Mexico’s MasAir

Global leasing giant, CDB Aviation, announced over the weekend that it had reached an agreement with Mexico-based MasAir Cargo Airline for the lease of two Airbus A330-300 Passenger-to-Freighter (“P2F”) aircraft, marking the lessor’s first-ever lease transaction with an airline operator for the aircraft type.

The A330 P2Fs on long-term lease to its newest customer in the Americas represent the first two positions from CDB Aviation’s agreement with Germany-based EFW for the aircraft type’s conversion announced in November 2020. The aircraft are scheduled to deliver to MasAir during the first half of 2022.

“We are thrilled to welcome MasAir as the newest member of our growing customer base in Mexico and the Americas,” commented CDB Aviation Chief Marketing Officer Peter Goodman, pointing to the lessor’s distinctive provision of a customized fleet solution that will aid the dedicated freighter operator’s strategic move to expand the fleet with more efficient and capable medium-sized widebody freighters.

First of four A320neo family Aircraft delivered to Aeroflot with CDB Aviation

The Russian airline Aeroflot took delivery of the first of four a new A320neo family aircraft on 14th May at the Airbus delivery centre in Toulouse, France. These aircraft are on long term lease from CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited.

The remaining three deliveries include two additional A320neos and one A321neo, which will be received by the carrier later in May.

“We are pleased to expand our strategic relationship between Aeroflot and CDB Aviation,” noted Peter Goodman, CDB Aviation Chief Commercial Officer, adding that “these modern aircraft will deliver the right mix of operational efficiency and flexibility” to support Aeroflot’s fleet optimization as the carrier works towards its Strategy 2028 and seizes on opportunities in the Russian and international air transportation markets.

The neos will support Aeroflot’s strategic efforts to retrench its leading position in key markets on the domestic network, while enhancing its fleet with the latest technology narrowbody aircraft offering higher capacity and improved fuel-efficiency.

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CDB Aviation makes headway during a very difficult year.

CDB Aviation, the global leasing giant and a subsidiary of China Development Bank Financial Leasing Co has reported its activity for 2020, which shows the firm made headway in what was an extraordinarily difficult year.  Indeed, 2020 was perhaps the toughest year ever for the aircraft leasing industry, as airlines grounded planes, downsized fleets and parked up thousands of aircraft. 

“The pandemic-battered environment has inflicted an array of unexpected and unparalleled challenges upon all stakeholders across the global air transport sector, generating significant near-term headwinds,” reflected CDB Aviation Chief Executive Officer Patrick Hannigan. “In the face of these adverse conditions, our team has persisted to attain continued growth and advance key initiatives, progressing several aspects of our long-term vision.”

CDB Aviation’s robust activity in 2020 was reinforced by the company leadership’s razor focus on “working with existing and new airline customers, our shareholder, and other industry stakeholders to support the sector’s recovery, while strengthening the platform’s capabilities and financial position to enable further growth and ensure sufficient liquidity for the future,” added CDB Aviation Chief Marketing Officer Peter Goodman.

SAS agrees sale and leaseback transaction for a fleet of four Airbus aircraft.

The aircraft leasing giant CDB Aviation, and  Scandinavia’s flagship airline, SAS have agreed on a new sale and leaseback transaction for a fleet of four Airbus aircraft.  The deal is for three A320neo and one A350-900 aircraft, which are leased to SAS on a long-term basis. 

SAS has already taken delivery of the Airbus A350, which occurred on Friday, March 26, 2021. The remaining three A320neos are expected to be delivered during the spring of 2022.

“We are pleased to expand our long-standing relationship with SAS, with the addition of these new technology Airbus aircraft to the carrier’s growing one-type fleet,” said CDB Aviation Chief Marketing Officer Peter Goodman. “These aircraft will contribute to SAS’ ongoing efforts to transition their fleet to more environmentally conscious operations, with their fleet’s reduced environmental footprint and enhanced cost efficiencies.”

WestJet sells and then lease back nine Boeing 737 MAX aircraft

Canadian airline WestJet has agreed with leasing giant CDB Aviation, the sale and then lease back of eight of the nine Boeing 737 MAX 8 aircraft. The ninth aircraft is anticipated to close later this month. The aircraft was originally delivered to WestJet over the past three years and had been grounded for nearly two years following the global grounding of the type after two fatal crashes claimed the lives of 346 people. 

WestJet Executive Vice-President, Finance and Chief Financial Officer Harry Taylor remarked: “We were very pleased with the process in which our teams successfully completed this transaction. The CDB Aviation team was professional, responsive, and pleasant to work with.”

“We have formed a strong working relationship with our colleagues at WestJet, and warmly welcome them to our growing family of airline customers across the Americas,” commented CDB Aviation Chief Marketing Officer Peter Goodman. “We appreciate their trust in our platform and confidence in our ability to deliver this innovational, customized, and large-scale financing.”