CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the completion of
a delivery mandate for two brand-new Airbus A320neo aircraft to Azerbaijan’s national air carrier, Azerbaijan Airlines (“AZAL”).
The announcement of the lease agreements in June 2024 marked CDB Aviation’s first transaction in Azerbaijan, which became the lessor’s newest customer within the region. The A320neos, powered by the CFM LEAP-1A26 engines, were introduced to AZAL’s fleet as part of the airline’s fleet modernization initiative, which will replace its older A320 and A319s with the new-generation versions.
Key data points: The growth forecast = 4.0% annually for the next 7 years. Scroll below to get more insights. This market report covers Trends, opportunity and forecast in supersonic business jet market to 2031 by type (type I and type II), application (commercial and household), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pages“I would like to thank the AZAL and CDB Aviation teams for their excellent collaboration to date. We are confident that the addition of these latest generation A320neo Family aircraft will further boost AZAL’s sustainable growth,” commented Jie Chen, Chief Executive Officer of CDB Aviation.
“We are pleased to deepen our cooperation with CDB Aviation through the delivery of these new A320neo aircraft. The addition of these modern, fuel-efficient aircraft supports AZAL’s ongoing fleet renewal strategy and reflects our commitment to offering passengers a more comfortable and sustainable travel experience,” said Samir Rzayev, President of Azerbaijan Airlines.
