CBD Aviation, which is the wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., (CBD Leasing), has signed a new agreement with Mexico’s leading carrier Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (Volaris), for the sale and leaseback of four brand-new Airbus A320neo jets, two of which are scheduled for delivery to Volaris by October this year. The remaining two should be delivered by May 2022 and all four have been acquired on long-term leases.
These neos comprise part of Volaris’ optimization of its fleet plan as it looks 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.
The fuel-efficient, latest-technology passenger jets will be deployed primarily to shore up Volaris’ leading role in the Mexican domestic market, enabling the airline to seize opportunities as vaccination programs gain momentum and confidence in air travel accelerates.
