CDB Aviation Leases Three A320neos to Frontier Airlines

CDB Aviation commenced deliveries of three Airbus A320neos to Denver-based Frontier Airlines as part of a sale-and-leaseback transaction.

The LEAP-1A engine-powered aircraft, delivering from Airbus’ A320 family jetliner final assembly line in Mobile, AL, are bound for immediate entry into passenger service on U.S. domestic routes.

“We are thrilled to have Frontier join our growing customer family,” Luís da Silva, head of commercial in the Americas for CDB Aviation, said. “We look forward to a sustainable, long-term relationship, which we hope to further grow in the future.”

One of the aircraft, named Chinook the Gray Wolf, became the 100th A320 member of Frontier’s fleet, in addition to the other two aircraft, which are named Cortez the Green Turtle and Parish & Daisy the Burrowing Owls.

“We are delighted to take delivery of these new aircraft and commemorate not only the continued growth of our company but also the addition of the 100th aircraft to our fleet,” James Dempsey, CFO for Frontier Airlines, said. “We greatly value our partnership with CDB Aviation and take pride in celebrating this special milestone with them.”

“It’s extremely exciting to see the trio of siblings enter service in support of Frontier’s unwavering commitment of delivering low fares to flyers across the U.S.,” da Silva said.

Peter Goodman, chief marketing officer for CDB Aviation, discussed the ongoing “targeted efforts of our global team to conduct commercial campaigns in all key aviation markets” that provide airlines with access to the lessor’s financings to meet their immediate and longer-term requirements.

“CDB Aviation has been actively pursuing emerging opportunities, including in the sale and leaseback channel, with the goal of leveraging our robust platform and capabilities to support airline customers during these unprecedented times,” Goodman said.

CDB Aviation is a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, a 35-year-old Chinese leasing company that is backed mainly by the China Development Bank.

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