CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, signed a new agreement with Controladora Vuela Compañía de Aviación (Volaris) for the sale and leaseback of four new Airbus A320neo aircraft.

The aircraft, two of which are scheduled to deliver to Volaris by October 2021, with the remaining two expected to arrive by May 2022, are leased on a long-term basis, bringing the total CDB Aviation aircraft on lease to the carrier to six.

“We are very pleased to offer tremendous value to our existing customer, Volaris, by leveraging the financial strength of our balance sheet and platform’s ability to move quickly in today’s demanding market conditions,” Luís da Silva, head of commercial in the Americas for CDB Aviation, said.

“Volaris will continue an aggressive strategy on growth and strong operational performance. Therefore, our fleet expansion is one of the main pillars of our ultra-low-cost model and will help us reinforce both local and international presence in all the markets we serve,” Holger Blankenstein, executive vice president of Volaris, said.

The aircraft will be deployed primarily to strengthen Volaris’ position in the Mexican domestic market.

“Deepening of our relationship with Volaris further advances our strategy to support Mexican airlines’ need for aircraft financing, as well as to gird up the ambitious development roadmap for the promising markets across Latin America,” da Silva said.

“Our current prerogative is, first and foremost, to avail the carriers of the attractive financing conditions and provide the required capacity to meet a resurgence in demand,” Peter Goodman, chief marketing officer of CDB Aviation, said. “Our industry-leading financing solutions can be structured and executed expediently within a matter of weeks, effectively addressing customers’ rapidly evolving requirements as they navigate the post-pandemic recovery.”