CDB Aviation Completes Delivery of Four E190s to Amaszonas
The Fleet of Four E190-100LRs Will Support the Carrier’s Strategy Focused on Growing Markets
DUBLIN – January 27, 2020 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced the delivery of the fourth, final Embraer E190-100LR aircraft to Bolivian customer Amaszonas Línea Aérea (“Amaszonas”).
The aircraft was received by the carrier in Guangzhou, China, completing the transaction signed with the lessor in October 2019. The Embraer regional jets, configured with 110 seats in a single class layout, are being incorporated into the Amaszonas fleet as part of the carrier’s next phase of modernization. “These first generation E190 jets will provide the needed additional capacity to enhance the carrier’s existing flight operations in Bolivia, while supporting the execution of its strategy focused on growing markets,” according to Luis Da Silva, CDB Aviation Head of Commercial, Americas.
Reacting to the successful delivery, Patrick Hannigan, CDB Aviation Chief Executive Officer, lauded the CDB Aviation team’s “ability to execute.” He emphasized that last year the company “successfully placed 18 of our 20 E190s coming off lease” despite the perceived difficulty in remarketing these assets voiced by other lessors.
Hannigan added: “That’s a lot of metal to move and its down to people and to our relationships with the airlines.”
The delivery comes on the heels of CDB Aviation’s reporting another year of strong business activity and growth in 2019, in which the company executed transactions involving 89 aircraft. To read the announcement, click here.
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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