CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing) has announced on the side-lines of the Airline Economics Growth Frontiers Asia Pacific 2022 conference that the company has entered into a facility agreement for a US$650 million (£565 million) secured portfolio financing.
The seven-year facility is secured with a portfolio of 15 narrow-body and wide-body aircraft, comprising the Airbus A320/A321neo, A330-900, as well as Boeing 737-8 and 787-9 Dreamliner aircraft.
“We continue to successfully address CDB Aviation’s capital needs through diversifying our financing sources and by broadening and deepening our relationships with banking and capital markets providers,” stated CDB Aviation Chief Financial Officer Brendan O’Neill. “Our ability to engage global financial institutions is a direct reflection on the strong competencies and efforts of our Finance team and the support of our shareholder, CDB Leasing.”
