CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, entered into a new sale and leaseback agreement with existing customer Volaris (Controladora Vuela Compañía de Aviación) for a fleet of five Airbus aircraft, encompassing two A320neos and three A321neos.

The new agreement brings the number of CDB Aviation aircraft on lease to Volaris to a total of 13 aircraft, which are secured through the lessor’s orderbook with Airbus, as well as sale and leaseback (SLB) transactions with and without pre-delivery payments (PDP). Four of the aircraft were already delivered and the further nine will be delivered by Q4/24.

“We are thrilled to be deepening our ongoing collaboration with the Volaris team in support of efforts to bolster their leadership position in the Mexican domestic market and execute on an aggressive strategy of growth and strong operational performance,” Luís da Silva, head of commercial in the Americas at CDB Aviation, said.

“With one of the youngest, most fuel-efficient fleet[s] in America, and alongside partners at CDB Aviation, we reinforce our ESG strategy to ensure sustainable growth in the long term. These deliveries will also bring our clients the best flying experience in the most modern technology aircraft,” Enrique Beltranena, president and CEO of Volaris, said.

“CDB Aviation is well positioned to provide airlines with access to an established fleet of varied new and used aircraft types as well as wide-ranging and innovative financing solutions, anchored with the platform’s robust ability to expediently secure aircraft placements through SLB and PDP transactions,” Peter Goodman, chief marketing officer of CDB Aviation, said.