CDB Aviation has announced the execution of lease agreements for two Airbus A320neo aircraft with a new customer and one of the largest carriers in the Commonwealth of Independent States (the CIS) countries, Azerbaijan’s national air carrier, Azerbaijan Airlines (AZAL).
The Airbus A320-251 aircraft are scheduled to be delivered in June and July 2025, supporting the airline’s fleet renewal strategy aimed at equipping the carrier with the most modern and fuel-efficient aircraft.
“This new partnership with AZAL is an important milestone for our platform, as it marks our very first transaction within Azerbaijan, as well as the addition of a new customer in the region,” commented Jie Chen, CDB Aviation’s Chief Executive Officer. “We are confident that the selection of these latest generation A320neo-family aircraft will further boost AZAL’s sustainable growth, providing passengers with excellent comfort throughout its fleet.”
AZAL has aircraft orders for eight Boeing 787-9s starting 2026 and Airbus NEOs starting 2028, mainly as replacements. The market is growing strongly so growth aircraft are also needed which will be sourced from lessors.
