CDB Aviation delivers first of 14 new A320neo aircraft

CDB Aviation Lease Finance (CDB Aviation), a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing) has delivered a new Airbus A320neo aircraft to India-based, low-cost carrier Go Airlines (India) Ltd. (GoAir). The aircraft is the first of a total of 14 A320neos to be delivered to GoAir as part of a Purchase and Leaseback transaction, which involves a binding agreement for five aircraft and a non-binding Letter of Intent for an additional nine aircraft that are subject to CDB Aviation internal approvals, signed between the airline and CDB Aviation. The program is expected to run through