CDB Aviation, an entirely owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), has finalised the acquisition of four Airbus aircraft from Avolon.
The acquired assets include one A330-900, two A321neo and one A320ceo aircraft, featuring both fixed and floating rate leases with CDB Aviation’s current and new airline clientele.
“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 US$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.”
Avolon stands as a leading global aviation finance enterprise, bridging capital with clients to propel the evolution of aviation and the economic and societal advantages of global travel. The company invests with a long-range outlook, mitigating risk and managing capital effectively to uphold its robust financial position.
