CDB Aviation signs new sale and leaseback agreement with Volaris

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, has entered into a new sale-leaseback agreement with its existing customer Volaris (Controladora Vuela Compañía de Aviación) for a fleet of five Airbus aircraft, comprising two A320neos and three A321neos .

The new agreement brings the number of CDB Aviation aircraft on lease to Volaris to a total of 13 aircraft, which are secured by the lessor’s backlog with Airbus, as well as sale-leaseback (SLB) transactions with and without pre-delivery payments (PDP). Four of the aircraft have already been delivered and the remaining nine will be delivered by Q4/24.

“We are excited to deepen our ongoing collaboration with the Volaris team to support efforts to strengthen their leadership position in the Mexican domestic market and execute an aggressive growth strategy and strong operational performance,” said said Luís da Silva, commercial manager in the Americas at CDB Aviation, said.

“With one of the youngest and most fuel-efficient fleets[s] in America, and alongside CDB Aviation partners, we are strengthening our ESG strategy to ensure long-term sustainable growth. These deliveries will also provide our customers with the best flight experience in the most modern aircraft technology,” said Enrique Beltranena, President and CEO of Volaris.

“CDB Aviation is well placed to provide airlines with access to an established fleet of diverse new and pre-owned aircraft types as well as innovative and far-reaching financing solutions, anchored in the platform’s robust capability. -shape to quickly secure aircraft placements through SLB and PDP transactions,” Peter Goodman, CDB Aviation’s chief marketing officer, said.

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