Bond credit rating

CDB Aviation Executes Sale and Leaseback Transaction with New Middle Eastern Customer Jazeera Airways

Retrieved on: 
Thursday, July 14, 2022

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced today the signing of a sale and leaseback agreement for two Airbus A320neo aircraft with a new customer in the Middle East, Kuwaiti carrier Jazeera Airways (Jazeera).

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced today the signing of a sale and leaseback agreement for two Airbus A320neo aircraft with a new customer in the Middle East, Kuwaiti carrier Jazeera Airways (Jazeera).
  • Were thrilled to welcome a new customer in a new jurisdiction for our company, pointed out Paul Boyle, CDB Aviations Head of Europe, the Middle East & Africa.
  • Jazeera has a strong focus on growth over the coming years, and our fleet expansion plans have been greatly assisted by this new agreement with CDB Aviation, Rohit Ramachandran, Chief Executive Officer of Jazeera Airways.
  • Jazeera Airways operates commercial and cargo flights out of its Jazeera Terminal T5 at Kuwait International Airport.

CDB Aviation Leases Two A320neo Aircraft to Aer Lingus

Retrieved on: 
Monday, June 27, 2022

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), has agreed to lease two Airbus A320neo aircraft to the Irish flag carrier, Aer Lingus, for delivery during this summer season.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), has agreed to lease two Airbus A320neo aircraft to the Irish flag carrier, Aer Lingus, for delivery during this summer season.
  • View the full release here: https://www.businesswire.com/news/home/20220623006003/en/
    A pair of new A320neo aircraft leased to Aer Lingus by CDB Aviation will be delivered in the airline's full livery, branding, and cabin interior.
  • These latest generation aircraft will well complement Aer Lingus strategic investments in their future fuel-efficient, modern fleet.
  • Speaking about the acquisition of two new aircraft for Aer Lingus short-haul fleet, Lynne Embleton, CEO of Aer Lingus, said: This is a great opportunity to bring new, state-of-the-art aircraft into our short-haul fleet.

TradeFlow Capital Management and CTD Indices launch new indices to support better decision-making in China Energy and Grain Markets

Retrieved on: 
Monday, June 20, 2022

CTD Indices is an innovative provider of indices and index solutions to the global financial services industry.

Key Points: 
  • CTD Indices is an innovative provider of indices and index solutions to the global financial services industry.
  • TradeFlow Capital Management (TradeFlow) is the world's first Fintech-powered commodity trade enabler focused on SMEs.
  • By performing an enabling role in international trade and globalization, TradeFlow creates growth opportunities for businesses and economies.
  • As part of its unique business model, The TradeFlow Funds*, advised by TradeFlow, were conceived in 2016 and launched in 2018.

CDB Aviation Names Brian Dowling Chief Technical Officer

Retrieved on: 
Wednesday, May 25, 2022

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced today the appointment of Brian Dowling as Chief Technical Officer.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced today the appointment of Brian Dowling as Chief Technical Officer.
  • Brian has led our technical team during this past year, exhibiting a profound understanding of our platforms unique technical requirements, commented Patrick Hannigan, CDB Aviations Chief Executive Officer.
  • Prior to CDB Aviation, Dowling was Senior Vice President, Technical & Asset Management, at SMBC Aviation Capital.
  • Leading our technical operations has offered me a superb challenge, especially in light of the aviation business cyclical nature and the pandemics astounding ramifications for the industry, said Brian Dowling, CDB Aviations Chief Technical Officer.

CDB Aviation Further Expands Relationship with Avianca

Retrieved on: 
Tuesday, May 24, 2022

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced today the signing of new lease agreements with Aerovas del Continente Americano S.A. Avianca (Avianca) for two Airbus A330-300 Passenger to Freighter (P2F) and one A320neo aircraft.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced today the signing of new lease agreements with Aerovas del Continente Americano S.A. Avianca (Avianca) for two Airbus A330-300 Passenger to Freighter (P2F) and one A320neo aircraft.
  • The new agreements bring the total of CDB Aviation aircraft on lease to Colombias flag carrier to 8.
  • We are very pleased to broaden our collaboration with the Avianca team through the addition of these aircraft to support their passenger and cargo businesses, commented Lus da Silva, CDB Aviation Head of Commercial, Americas.
  • CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), a 36-year-old Chinese leasing company that is backed mainly by the China Development Bank.

CDB Aviation Promotes Fiona Scott to Newly Created Role of Chief People Officer

Retrieved on: 
Monday, May 23, 2022

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced today the promotion of Fiona Scott to the newly created role of Chief People Officer.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced today the promotion of Fiona Scott to the newly created role of Chief People Officer.
  • As a world-spanning and fast-growing platform, there is no doubt that people are our most valuable asset, underscored Patrick Hannigan, CDB Aviations Chief Executive Officer.
  • I am very excited to step into this expanded role to lead our people organization, said Fiona Scott, CDB Aviations Chief People Officer.
  • At CDB Aviation, our people have always been our strategic differentiator, and we are fortunate to have a tremendous group of contributors.

AM Best to Participate in Climate-Related Panel Discussion at Reinsurance Association of America’s Upcoming Conference

Retrieved on: 
Thursday, May 12, 2022

Chief Rating Officer Stefan Holzberger will participate in a panel discussion on climate preparedness at the Reinsurance Association of Americas (RAA) Re Ed event, which will be held in Orlando, FL, from May 23-26, 2022.

Key Points: 
  • Chief Rating Officer Stefan Holzberger will participate in a panel discussion on climate preparedness at the Reinsurance Association of Americas (RAA) Re Ed event, which will be held in Orlando, FL, from May 23-26, 2022.
  • Holzberger will participate in a session, titled, Climate Preparedness: Insurers, Regulators, & Rating Agencies, which is scheduled for 10:30 a.m. (EDT) on Tuesday, May 24.
  • The RAA is the leading trade association of property and casualty reinsurers doing business in the United States.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

CDB Aviation Signs Facility Agreement for $530 Million Unsecured Syndicated Term Loan

Retrieved on: 
Tuesday, May 10, 2022

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced today the signing of a US$530 million unsecured syndicated term loan with BNP Paribas and a group of leading global financial institutions.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), announced today the signing of a US$530 million unsecured syndicated term loan with BNP Paribas and a group of leading global financial institutions.
  • This press release contains certain forward-looking statements, beliefs or opinions, including with respect to CDB Aviations business, financial condition, results of operations or plans.
  • CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), a 36-year-old Chinese leasing company that is backed mainly by the China Development Bank.
  • CDB Aviation is rated Investment Grade by Moodys (A2), S&P Global (A), and Fitch (A+).

CDB Aviation Takes Delivery of First A330 P2F Freighter

Retrieved on: 
Monday, April 25, 2022

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), today took delivery of the first freighter aircraft in the lessors history, an A330-300 passenger-to-freighter (A330 P2F).

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (CDB Leasing), today took delivery of the first freighter aircraft in the lessors history, an A330-300 passenger-to-freighter (A330 P2F).
  • This is an important and historic day for CDB Aviation as we see the fruit of two years of intense work and collaboration, culminating in the delivery of our very first A330 P2F since we made the strategic entry into freighter aircraft leasing, asserted Patrick Hannigan, CDB Aviations Chief Executive Officer.
  • Luis Sierra, mas Chief Executive Officer, remarked: We feel honored that CDB Aviation trusted mas to be its first A330 P2F customer.
  • Working together on this process was amazing, and we are already looking at ways to do more business with the CDB Aviation team.

CDB Aviation Signs New Sale and Leaseback Agreement with Volaris for Five Airbus Aircraft

Retrieved on: 
Thursday, April 7, 2022

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced today the lessor entered into a new sale and leaseback agreement with its existing customer, Volaris (Controladora Vuela Compaa de Aviacin, S.A.B.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced today the lessor entered into a new sale and leaseback agreement with its existing customer, Volaris (Controladora Vuela Compaa de Aviacin, 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 lessors orderbook with Airbus, as well as Sale and Leaseback (SLB) transactions with and without Pre-Delivery Payments (PDP).
  • Four of the aircraft were already delivered and the further nine will be delivered by the fourth quarter of 2024.