CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., (CDB Leasing), has begun delivery of a fleet of six Airbus aircraft to Portugal’s leading airline, TAP Air Portugal (TAP).
The first aircraft delivered to the carrier in November is a new Airbus A321neo, which is part of a lease agreement for a total of four aircraft of the type. The second A321neo is expected to deliver by year-end, with the remaining two aircraft slated for arrival in 2019.
In addition, in April 2018, CDB Aviation and TAP entered into a purchase and leaseback agreement for two Airbus A330-900neo aircraft. The two widebodies are expected to deliver in the second quarter of 2019.