CDB Aviation Confirms Order with Airbus For 90 A320neos

CDB Aviation Lease Finance confirmed an order for 90 Airbus A320neo family aircraft during the 2017 Dubai Airshow. The lessor’s order book now comprises a total of 90 A320neo family aircraft, including 32 A321neo and 58 A320neo aircraft.

The agreement was reached in two steps: an original purchase agreement signed in 2014 for 45 A320neo family aircraft, which remained undisclosed to date; and the firming up of the memorandum of understanding for an additional 30 A320neo and 15 A321neo aircraft announced at the Le Bourget Paris Airshow in June 2017.

“By confirming today’s order for 90 A320neos, we have doubled our overall order position for the aircraft family. CDB Aviation is now well positioned with a leading order book for the latest technology narrowbody aircraft to realize our aggressive fleet growth plan and further strengthen our ability to serve airline customers around the world with narrowbody fleet requirements,” said Peter Chang, CDB Aviation president and CEO. “Our business model is grounded in our unmatched access to competitive funding, our industry-leading global team and the large order book associated with strong strategic OEM partnerships.”

“It is a pleasure to see CDB Aviation firming up another commitment for Airbus products and we are looking forward to strengthen[ing] our relationship with such [a] fast-growing player in the industry. The order from CDB Aviation is another true endorsement from the lessor community for the A320neo family,” said John Leahy, Airbus Commercial Aircraft chief operating officer – Customers. “This latest order demonstrates its continued confidence in our product for its airline customers and recognizes the A320neo as a sound financial asset in its portfolio.”

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