20 December, 2017: CDB Aviation Lease Finance DAC (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), has delivered two new Airbus A320neo aircraft to GoAir, a low-cost carrier based in Mumbai, India.
The two aircraft represent the delivery of initial five of a total of 14 A320neos placed on long-term lease with the airline as part of a Purchase and Leaseback transaction. The remaining nine aircraft will be delivered to GoAir through the end of 2019.
“By delivering two A320neos to GoAir, CDB Aviation successfully completed the initial installment of five A320neo deliveries to the airline planned for this year,” said CDB Aviation CCO Patrick Hannigan. “We look forward to delivering the remaining nine aircraft over the next couple of years, while assisting GoAir with further optimizing their fleet through our long-term partnership.”
Besides the two A320neo aircraft, CDB Aviation delivered the second A321-200 to South Korean low-cost carrier, Air Seoul, marking a major milestone on the lessor’s growth trajectory by having three Airbus A320 Family aircraft delivered on the same day.
“The completion of three aircraft deliveries in one day is a great feat for our company, which further demonstrates our steadfast commitment to securing and building a fleet of aircraft to offer airlines the customized fleet options they need, one aircraft or an entire fleet at a time,” added Hannigan.