Aviation News Online

CDB Aviation orders 30 737 MAX 8s, while new Korean start up plumps for eight A320s

CDB Aviation Lease Finance (CDB Aviation) has ordered 30 737 MAX 8 airplanes, valued at $3.3 billion at current list prices, which was previously unidentified on Boeing’s Orders & Deliveries website.

“Our commitment to our customers is to provide them with the most efficient and reliable products,” said Peter Chang, President and Chief Executive Officer of CDB Aviation. “The 30 Boeing 737 MAXs in our portfolio provide the competitive advantages of fuel efficiency, reliability and passenger experience they are looking for in the single-aisle airplane.”

Based in Dublin, Ireland, CDB Aviation operates as a wholly-owned Irish subsidiary of China Development Bank Financial Leasing with registered capital of $US50 million and a fleet of over 200 aircraft.

Meanwhile, South Korean start-up carrier KAIR Airlines has selected the A320 Family to launch its new low-cost operation, with a firm order for eight A320ceo. The new airline will be based in Cheongju in central South Korea and will focus primarily on services to international destinations in North East Asia.

“We see enormous potential for the development of a low cost model linking central South Korea with destinations in China, Taiwan and Japan,” said Byung Ho Kang, KAIR Airlines Representative Director and Chairman. “KAIR Airlines will focus on point-to-point services at low fares while offering passengers a modern and fun product offering. Brand new A320 aircraft will be perfect for our business model and customers, combining the lowest operating costs with the widest cabin in the single aisle segment.”

“We have been impressed by the business model developed by KAIR Airlines,” said John Leahy, Airbus Chief Operating Officer, Customers. “We are confident that the efficiencies offered by the A320 will contribute to a successful launch by KAIR Airlines, bringing more choice for passengers flying in the North East Asian region. The selection of the A320 by KAIR Airlines underscores once again the position of the Airbus single aisle product line as the preferred choice for low cost airlines in Asia.”

Date: March 13, 2017

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