CDB Aviation Delivers A320 Aircraft to Allegiant

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the delivery of an Airbus A320-200 aircraft to a new customer in the Americas region, Las Vegas-based ultra-low-cost airline Allegiant.

“With its efficient air service model focused on providing reliable and affordably accessible air travel, Allegiant has been strengthening its unique position of growth as the industry emerges from the pandemic,” noted Luís da Silva, CDB Aviation’s Head of Commercial, Americas. “This transaction is a valuable component of the carrier’s fleet plan for 2022 and beyond, and we look forward to building a long-term, strategic relationship with the Allegiant team.”

The aircraft will enter service, configured with 186 economy seats, to support the carrier’s business model: point-to-point commercial air service that links small city airports to leisure destinations across the United States.

“We appreciate CDB Aviation’s creative approach, providing a transaction that fits nicely with our fleet strategy,” said Robert Neal, Allegiant’s Treasurer and Senior Vice President of Corporate Finance. “We’re pleased to be growing our fleet with high-quality aircraft well suited for our ULCC operation. We appreciate CDB Aviation’s confidence in Allegiant.”

Peter Goodman, CDB Aviation Chief Marketing Officer, commented: “We’re delighted to welcome a new customer in North America, which demonstrates our continued efforts to build up the platform’s position in key markets across the globe. As airlines adapt fleets to meet the recovery in air travel, CDB Aviation is well positioned to provide fast-growing airlines, such as Allegiant, with access to an established fleet of varied aircraft types and full-service support to monetize post-pandemic growth opportunities.”