CDB Aviation Leases Two A330-300s to Thai Airways
New Customer in Asia Pacific to Leverage Widebody Aircraft to Meet Growing Passenger Volumes
Bangkok, Thailand – January 2, 2024 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the signing of a lease agreement for two used widebody aircraft, Airbus A330-300s, with Thai Airways International Public Company Limited (“Thai Airways”), the national airline of Thailand.
“We are delighted to be welcoming Thai Airways to our growing Asian Pacific customer base,” stated Jie Chen, CDB Aviation’s Chief Executive Officer. “The increased widebody fleet will strengthen the carrier’s position across its key intra-Asian markets, providing the extra capacity needed to meet the high season and rising travel demand in many regions.”
The aircraft will be delivered to the carrier in September and October 2024.
“We’re continuing to see the heightened demand from airlines amidst a tight supply of new and used aircraft, driven primarily by the need to meet growing passenger volumes. Our commercial team remains focused on comprehending and fulfilling the diverse needs of our customers, assisting them in addressing both immediate and longer-term fleet challenges that necessitate resolution,” concluded Chen.
This press release contains certain forward-looking statements, beliefs or opinions, including with respect to CDB Aviation’s business, financial condition, results of operations or plans. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as ”may,” “will,” “seek,” “continue,” “aim,” “anticipate,” “target,” “projected,” “expect,” “estimate,” “intend,” “plan,” “goal,” “believe,” “achieve” or other terminology or words of similar meaning. These statements are based on the current beliefs and expectations of CDB Aviation’s management and are subject to significant risks and uncertainties. Actual results and outcomes may differ materially from those expressed in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.
About CDB Aviation
CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”) a 39-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody’s (A2), 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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