Paris Air Show: CDB Aviation orders 45 A320neo

CDB Aviation Lease Finance has signed a memorandum of understanding for 45 Airbus A320neo-family jets.

Airbus says it isn’t anxious about the new offering from rival Boeing as it announced 100 new orders for its A320 aircraft.

Airbus’ A320neo family features various advanced technologies, including new generation engines and Sharklets, which collectively deliver at least 15% fuel savings at delivery and 20% by 2020.

In December 2016, CDB Aviation had just three people in its marketing department-two of whom were not allowed to travel outside China. These aircraft will strengthen our overall aircraft portfolio and assist in the growth of our customer base, ” said Peter Chang, CDB Aviation President & CEO. “This is another endorsement from the lessor community for the NEO, and takes our NEO customer base to almost 95”, said Airbus Commercial Aircraft Chief Operating Officer – Customers John Leahy.

GECAS will source the transactions and, under a sistership condition, will invest in aircraft ownership opportunities alongside the platform to further align its interests with those of EVAL. GECAS will also act as servicer for the platform.

CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China’s leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating.