CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), has finalized the sale of two Airbus A330-200 aircraft to National Airlines. The Florida-based operator, specializing in cargo and passenger charter services, received the Rolls-Royce Trent 700-powered aircraft in July and November 2024. These widebody planes will be used to enhance National’s charter transportation offerings.
Jie Chen, Chief Executive Officer of CDB Aviation, expressed satisfaction with the collaboration, stating, “We are delighted to have worked together on this transaction and look forward to strengthening our partnership with the National team. These A330 aircraft will play a vital role in supporting the carrier’s fleet expansion strategy, delivering efficient and modern passenger services to meet increasing demand.”
Christopher Alf, Chairman of National Airlines, emphasized the significance of the acquisition, saying, “We are extremely grateful to CDB Aviation for partnering with us on this purchase. Adding these A330-200 aircraft to our fleet demonstrates our dedication to providing world-class service while enhancing the passenger experience. These planes not only improve our operational efficiency and range but also position us to meet the rising global demand for exclusive and highly customized charter travel services.”
This transaction marks a strategic step forward for both companies, underscoring their commitment to meeting evolving market needs in the global aviation sector.
About National Airlines
National Airlines is a U.S. FAA-certificated Part 121 air carrier, with a fleet of 9 B747-400 Freighters, and 4 passenger aircraft including A330-300, A330-200, and B757-200. The company provides on-demand commercial cargo and passenger charters to over 450+ airports worldwide. From humanitarian aid to e-commerce shipment, National Airlines customized air cargo charter services are offered to defense, automotive, energy, fashion, pharmaceuticals, and oil & gas industry customers among others. The global operations are managed by offices and hubs in the U.S., Germany, Spain, Netherlands, Dubai, Malaysia, Japan, Shanghai, and Hong Kong.
About CDB Aviation
CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”) a 39-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody’s (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is the world’s largest development finance institution. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating.
CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China’s leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating.