On November 15th Dublin-based CDB Aviation Lease Finance DAC (CDB Aviation) announced that they have signed a firm order for 90 A320neo Family aircraft with Airbus during the Dubai Airshow 2017. The finalization of the deal comes after two separate agreements signed in the past.
The first purchase order, which was undisclosed to this moment, was for 45 A320neo Family aircraft and was signed back in 2014. Then the two companies signed a Memorandum of Understanding (MoU) during the 2017 Le Bourget Paris Airshow in June 2017 that included additional 30 A320neo and 15 A321neo aircraft.
“By confirming today’s order for 90 A320neos, we have doubled our overall order position for the aircraft family. CDB Aviation is now well positioned with a leading order book for the latest technology narrowbody aircraft to realize our aggressive fleet growth plan and further strengthen our ability to serve airline customers around the world with narrowbody fleet requirements,” said CDB Aviation President and Chief Executive Officer Peter Chang. “Our business model is grounded in our unmatched access to competitive funding, our industry-leading global team, and the large order book associated with strong strategic OEM partnerships.”
“It is a pleasure to see CDB Aviation firming up another commitment for Airbus products and we are looking forward to strengthening our relationship with such a fast growing player in the industry. The order from CDB Aviation is another true endorsement from the lessor community for the A320neo Family,” said Airbus Commercial Aircraft Chief Operating Officer- Customers, John Leahy. “This latest order demonstrates its continued confidence in our product for its airline customers and recognizes the A320neo as a sound financial asset in its portfolio.”