CDB Aviation Signs New Sale and Leaseback Agreement with Volaris for Five Airbus Aircraft
Source: CDB Aviation Lessor Expands Strong Relationship with Mexico's Number One Airline, Supporting Carrier's Fleet Optimization and Sustainability Strategy CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ("CDB Leasing"), announced the lessor entered into a new sale and leaseback agreement with its existing customer, Volaris ("Controladora Vuela Compañía de Aviación, S.A.B. de C.V."), for a fleet of five Airbus aircraft, encompassing two A320neos and three A321neos. The new agreement brings the number of CDB Aviation aircraft on lease to Volaris to a total of thirteen aircraft, which were secured through the lessor's orderbook with Airbus, as well as Sale and Leaseback ("SLB") transactions with and without Pre-Delivery Payments ("PDP"). Four of the aircraft [...]