CDB Aviation, an Irish subsidiary fully owned by China Development Bank Financial Leasing Co., Ltd., has revealed the formalization of a leasing arrangement. The agreement involves two pre-owned widebody aircraft, specifically Airbus A330-300s, and has been entered into with Thai Airways International Public Company Limited, Thailand’s flag carrier.
We are thrilled to extend a warm welcome to Thai Airways as they join our expanding customer base in the Asia-Pacific region,” expressed Jie Chen, Chief Executive Officer of CDB Aviation. “The addition of these Airbus A330-300s to Thai Airways’ fleet will bolster their presence in key intra-Asian markets, offering the essential capacity to meet the heightened demand during peak seasons and the rising travel requirements across various regions.”
The anticipated delivery of the aircraft is scheduled for September and October 2024.
“As the aviation industry experiences a surge in demand with a constrained supply of both new and pre-owned aircraft, airlines are seeking solutions to accommodate the escalating passenger volumes. Our commercial team remains dedicated to understanding and addressing the diverse needs of our customers, providing support in overcoming immediate and long-term fleet challenges,” concluded Chen.
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 a 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. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606). www.CDBAviation.aero