CDB Aviation Lease Finance signed a memorandum of understanding with Airbus for 45 Airbus A320neo family aircraft, including 30 A320neos and 15 A321neos, doubling its overall order position for the aircraft family. In addition, 15 A320neos from CDB Aviation’s previous order will be converted to A321neo aircraft.

“The addition of 45 A320neos to our existing order book positions CDB Aviation with the latest technology fleet to realize our fleet growth plan and further strengthen our ability to serve airline customers with narrowbody fleet requirements,” said Peter Chang, CDB Aviation President and CEO.

“It is a pleasure to expand our partnership with CDB Aviation. This is another endorsement from the lessor community for the NEO, and takes our NEO customer base to nearly 95,” said John Leahy, Airbus Commercial Aircraft chief operating officer – customers. “Our order book for the A320neo Family increases weekly and its 60% market share is proof it is the single aisle aircraft of choice.”

CDB Aviation Lease Finance is a wholly owned Irish subsidiary of China Development Bank Financial Leasing, a 33-year-old Chinese leasing company that is backed mainly by the China Development Bank.