CDB Aviation reports strong performance in 2017

Eleanor Steed
By Eleanor Steed January 23, 2018 16:40

CDB Aviation reports strong performance in 2017

CDB Aviation Lease Finance DAC (CDB Aviation), a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has reported robust activity and growth in 2017. During the year, CDB Aviation executed transactions for 162 aircraft, marking the company’s best-to-date operational results.

“Throughout this past year, the CDB Aviation team achieved several major milestones on our path to building a best-in-class global aircraft lessor,” said CDB Aviation President and Chief Executive Officer Peter Chang. “We continued to deliver on our strategic goals of expanding global operations, providing an excellent experience to airline customers in all key markets, diversifying funding sources, and accelerating growth of aircraft portfolio.”

In 2017, CDB Aviation delivered 38 new aircraft to 15 airlines in nine countries, sold 19 aircraft; placed orders for 105 new aircraft, including 45 A320neo Family, 52 737 MAX, and eight 787 Dreamliner aircraft; and guaranteed a $3 billion medium-term note program, under which $800 million was drawn down.

Chang concluded: “We are pleased with our progress to date and we look forward to providing airlines in all markets with the industry’s leading, full-service leasing platform built on a strong, secure and resourceful financial foundation. Backed by our shareholder China Development Bank, we are shaping the future of aviation finance, led by the next generation of the industry’s best-in-class leasing, financial, and marketing leaders.”

Eleanor Steed
By Eleanor Steed January 23, 2018 16:40