CDB Aviation, an Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), has signed a lease agreement for two used widebody aircraft Airbus A330-300s with Thai Airways, Thailand’s national airline.
“We are delighted to be welcoming Thai Airways to our growing Asian Pacific customer base,” stated Jie Chen, CDB Aviation’s Chief Executive Officer. “The increased widebody fleet will strengthen the carrier’s position across its key intra-Asian markets, providing the extra capacity needed to meet the high season and rising travel demand in many regions.”
The lessor will deliver the Airbus A330-300 aircraft to Thai Airways in September and October 2024.
“We’re continuing to see the heightened demand from airlines amidst a tight supply of new and used aircraft, driven primarily by the need to meet growing passenger volumes. Our commercial team remains focused on comprehending and fulfilling the diverse needs of our customers, assisting them in addressing both immediate and longer-term fleet challenges that necessitate resolution,” concluded Chen.
About CDB Aviation
CDB Aviation is the Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), a 39-year-old Chinese leasing company mainly backed by the China Development Bank. The company holds an Investment Grade rating of A2 by Moody’s, A by S&P Global, and A+ by Fitch.
China Development Bank is the world’s largest development finance institution. It is under the direct jurisdiction of the State Council of China. CDB Leasing is the sole leasing arm of the China Development Bank. It is a key player in China’s leasing industry, involved in aircraft, infrastructure, ship, commercial vehicle, and construction machinery leasing.
In July 2016, CDB Leasing listed on the Hong Kong Stock Exchange with the stock code 1606. You can find more information at www.CDBAviation.aero.