CDB Aviation Signs Lease Agreements for 5 A320neo Aircraft with Avianca

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, signed international aircraft lease agreements with Colombia’s flag carrier, Aerovías del Continente Americano S.A. Avianca, for a fleet of five Airbus A320neo aircraft.

With deliveries from CDB Aviation’s order book planned for 2022 and 2023, the aircraft are leased on a long-term basis and configured with three different seat types: premium, plus and economy.

“We are delighted to strengthen our partnership with the longest running airline in the Americas through a transaction that will help drive the carrier’s new strategy with environmentally sustainable, new technology aircraft,” Luís da Silva, head of commercial in the Americas for CDB Aviation, said. “These new technology aircraft, featuring lower fuel consumption and superior operating characteristics, will advance Avianca’s commitment to the environment and position the airline for a very bright future amidst the ensuing recovery.”

“We value CDB Aviation´s support and confidence in our new business model, and we are happy to continue incorporating new technology aircraft that will support our network growth reducing the environmental footprint,” Francisco Raddatz, vice president of fleet for Aerovías del Continente Americano S.A. Avianca, said.

“With the gradual easing of travel restrictions and accelerating vaccination programs across the Americas, the region’s airlines are increasingly gearing up for a recovery with more versatile fleets that can provide network flexibility, maximize capability while minimizing risk, and improving efficiency and sustainability,” Peter Goodman, chief marketing officer of CDB Aviation, said. “Our team continues to be focused on availing the carriers of the attractive financing conditions and access to the required capacity to meet a resurgence in demand. We are ready and able to execute major, complex transactions in support of our customers to address their rapidly evolving requirements and position their networks for efficient recovery.”

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.