CDB Aviation Completes Delivery of Six Airbus Aircraft to TAP

The Fleet of Four A321neo and Two A330neo Aircraft to Support Portugal Flag Carrier’s Fleet Growth  

HAMBURG – January 31, 2020 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced the delivery of the sixth, final Airbus aircraft to Portugal’s leading airline, TAP Air Portugal (“TAP”).

TAP took delivery of an Airbus A321neo aircraft in Hamburg this week, the last of a fleet of six Airbus aircraft on lease from CDB Aviation. The delivery marks the completion of the transaction with the lessor involving four A321neos and two A330neos which was announced in December 2018.

“The addition of these narrowbody and widebody latest technology aircraft will support TAP’s vision of increasing capacity to support new routes,” noted Peter Goodman, CDB Aviation Chief Marketing Officer. “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.”

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

Media contact:
Paul Thibeau
Paul.Thibeau@CDBAviation.aero
+1 612 594 9844