CDB Aviation Agrees to Lease Six Additional A321neos to Wizz Air

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, extended its relationship with Wizz Air with an additional sale and leaseback transaction for a batch of six Airbus A321neo aircraft.

Wizz Air is expected to receive four of the A321neos in Q4/21, with the remaining two slated for Q2/22. The aircraft are powered by Pratt & Whitney GTF engines and are similarly configured with 239 seats in a single-class layout.

“We are very pleased that the Wizz Air team has again elected to turn to our platform for the financing of these additional aircraft in the sale and leaseback channel,” Paul Boyle, head of Europe, the Middle East & Africa for CDB Aviation, said.

Wizz Air attributed the selection of CDB Aviation for this repeat transaction in these challenging times facing the airline and the broader industry to “our team’s ability to expediently meet the need for financings with the utmost reliability and the speed of execution,” Boyle said.

The transaction comes on the heels of a recently executed agreement for four A321neos between CDB Aviation and Wizz Air, bringing the total of the type under lease agreements to 10.

“We are delighted to have signed just another deal with CDB Aviation,” András Sebők, chief supply chain officer of Wizz Air, said. “We are confident that the cooperation between the two companies will continue to be a great success thanks to the smooth and seamless relationship with CDB Aviation.”

Peter Goodman, chief marketing officer for CDB Aviation, said that the scale of these combined transactions is “evidence of the robust capabilities of our evolved leasing platform and our highly competitive position among global lessors to rapidly meet airlines’ changing needs. The tireless focus of our commercial team continues to be on finding ways to deliver wide-ranging and innovative solutions to the world’s airlines as they strategize their pathways through the air travel sector’s nascent recovery and position their fleets for post-pandemic realities.”

Wizz Air is a low-cost airline in Central and Eastern Europe. It operates a fleet of 133 Airbus A320 and A321 aircraft.

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