CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), has closed the purchase of four aircraft from Avolon.
The purchased assets comprise one A330-900, two A321neo, and one A320ceo aircraft, and contain both fixed and floating rate leases with CDB Aviation’s existing and new airline customers.
“We are very pleased to have partnered with the Avolon team to carry out the acquisition of these predominantly new-gen assets on lease to some of our existing and new lessees, which allow us to further grow our strong customer base and build our modern fleet,” expressed Jie Chen, CDB Aviation’s Chief Executive Officer.
Andy Cronin, Chief Executive Officer, Avolon, commented: “We have traded over $10 billion of aircraft since our foundation in 2010, and we continue to see strong demand across all asset types. We are delighted to have completed this transaction with CDB Aviation and look forward to continuing our strong working relationship.”
“This transaction demonstrates our platform’s activity in the secondary market, which serves as an effective supplemental function that supports our fleet’s growth by adding new generation aircraft,” added Chen.
