CDB Aviation Executes 162 Transactions, Delivers 38 New Aircraft in 2017
JAN 23, 2018 - 2:39 pm
CDB Aviation Lease Finance executed transactions for 162 aircraft in 2017, marking the company’s best-to-date operational results.
“Throughout this past year, the CDB Aviation team achieved several major milestones on our path to building a best-in-class global aircraft lessor,” said Peter Chang, CDB Aviation president and CEO. “We continued to deliver on our strategic goals of expanding global operations, providing an excellent experience to airline customers in all key markets, diversifying funding sources and accelerating growth of aircraft portfolio.”
CDB Aviation Lease Finance also delivered 38 new aircraft to 15 airlines in nine countries, sold 19 aircraft and placed orders for 105 new aircraft, including 45 Airbus A320neo Family, 52 Boeing 737 MAX and eight Boeing 787 Dreamliner aircraft. The company also unconditionally and irrevocably guaranteed a $3 billion medium-term note program, under which $800 million was drawn down.
“We are pleased with our progress to date and we look forward to providing airlines in all markets with the industry’s leading, full-service leasing platform built on a strong, secure and resourceful financial foundation,” Chang said. “Backed by our shareholder China Development Bank, we are shaping the future of aviation finance, led by the next generation of the industry’s best-in-class leasing, financial and marketing leaders.”
At the end of 2017, CDB Aviation’s fleet comprised of 215 owned and managed aircraft on operating or finance leases, as well as 184 committed aircraft in its forward order book with Boeing and Airbus.
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