CDB Aviation Executes $660 Million Portfolio Financing Backed by 13 Airbus and Boeing Aircraft
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced today the company has entered into a facility agreement for the secured portfolio of thirteen Airbus and Boeing aircraft, valued at approximately US$660 million.
- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced today the company has entered into a facility agreement for the secured portfolio of thirteen Airbus and Boeing aircraft, valued at approximately US$660 million.
- The first large-sized portfolio financing executed by the lessor since the onset of the COVID-19 pandemic is secured with a combination of Airbus A320-200 and A350-900 as well as Boeing 737 MAX 8 and 787-9 Dreamliner aircraft.
- Crdit Agricole Corporate and Investment Bank acted as Facility Agent and Security Trustee, and Natixis and MUFG Bank Ltd. jointly coordinated the transaction.
- CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing) a 36-year-old Chinese leasing company that is backed mainly by the China Development Bank.