CDB Aviation reported that 2019 marked another period of strong business activity and growth, in which the company executed transactions involving 89 aircraft.

2019 Highlights:

• Signed lease transactions for 54 aircraft with 19 customers
• Signed agreements to sell 22 aircraft and to acquire 17 aircraft
• Acquired 40 aircraft on operating lease, representing 19.7% growth by number of aircraft in the fleet at the start of 2019
• Signed financing transactions for $2.49 billion
• Ended the year with 117 total employees, adding 34 new staff members
• Added 22 new airline customers

As of December 31, 2019, CDB Aviation’s fleet consisted of 420 owned, managed, and committed aircraft, and its global customer network comprised 68 lessees across 37 jurisdictions.

“This past year’s continued growth in our operations is evidence of our unwavering commitment to execution and progressing our highly competitive position in the world’s key markets,” summed newly appointed Chief Executive Officer Patrick Hannigan.

CDB Aviation’s strong activity in 2019 was underpinned by its leadership’s ongoing focus on the long-term vision and strategies rooted in the past three years of evolution of business model into a full-service, global platform, and the continued performance of its global team.

Through a combination of advancing business infrastructure, leveraging emerging opportunities in the sale and leaseback channel, and expanding key relationships with OEMs, finance partners, and an increasing base of airline customers worldwide, the company continued to build out top-tier operations and cultivated a culture of strategic change with the goal of furthering growth momentum.