First A330neo Joins CDB Aviation Fleet on Lease to TAP
The first Airbus A330neo has joined the CDB Aviation fleet, marking the delivery of the first of two aircraft of the type to TAP Portugal (“TAP”).
The A330-900 variant, equipped with the Rolls Royce Trent 7000 engines, was delivered to TAP in Toulouse, France on September 6, as part of a purchase and leaseback agreement entered with Portugal’s flag carrier in April 2018.
The aircraft, leased on a long-term basis, will support the airline’s vision of accelerated capacity growth, enabling it to launch new routes.
“TAP is among many airlines in CDB Aviation’s rapidly expanding global customer network who benefit from our company’s fast-evolving and industry-leading, full-service platform. Today, CDB Aviation boasts an in-demand portfolio and a strong orderbook for the latest generation aircraft, capable of meeting diverse customer needs and providing attractive near-term delivery positions,” commented CDB Aviation President & Chief Commercial Officer Patrick Hannigan.
Video source: TAP Portugal
Related press release:
– December 6, 2018: CDB Aviation Delivers First of Six Aircraft to TAP
About CDB Aviation
CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”) a 35-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody’s (A1), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is the world’s largest development finance institution. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating.
CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China’s leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606). www.cdbaviation.aero
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