A330-900

CDB Aviation Purchases Four Airbus Aircraft from Avolon

Retrieved on: 
Wednesday, May 1, 2024
Other Transport, Aerospace, Manufacturing, Air, Transport, A330-900, Aviation, Airbus A320neo family, Aircraft, CDB, Airbus A320 family, Acquisition

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), has closed the purchase of four aircraft from Avolon.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), has closed the purchase of four aircraft from Avolon.
  • The purchased assets comprise one A330-900, two A321neo, and one A320ceo aircraft, and contain both fixed and floating rate leases with CDB Aviation’s existing and new airline customers.
  • Andy Cronin, Chief Executive Officer, Avolon, commented: “We have traded over $10 billion of aircraft since our foundation in 2010, and we continue to see strong demand across all asset types.
  • We are delighted to have completed this transaction with CDB Aviation and look forward to continuing our strong working relationship.”
    “This transaction demonstrates our platform’s activity in the secondary market, which serves as an effective supplemental function that supports our fleet’s growth by adding new generation aircraft,” added Chen.

CDB Aviation Executes $650 Million Portfolio Secured Financing

Retrieved on: 
Tuesday, November 8, 2022
Professional Services, Air, Transport, Other Travel, Finance, Travel, Banking, Terminology, Industry, Aircraft, Boeing 737 MAX, Investment banking, S&P Global, Bond credit rating, State Council, China Development Bank, MLA, Communication, Forward-looking statement, Airbus, Allen & Overy, Bank, A330-900, ING Group, Boeing, Aviation, HKEX, Boeing 787 Dreamliner, Peracomo Inc v TELUS Communications Co, CDB, Hong Kong Stock Exchange, Airline, Fitch

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced on the sidelines of the Airline Economics Growth Frontiers Asia Pacific 2022 conference that the company has entered into a facility agreement for a US$650 million secured portfolio financing.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced on the sidelines of the Airline Economics Growth Frontiers Asia Pacific 2022 conference that the company has entered into a facility agreement for a US$650 million secured portfolio financing.
  • We continue to successfully address CDB Aviations capital needs through diversifying our financing sources and by broadening and deepening our relationships with banking and capital markets providers, stated CDB Aviation Chief Financial Officer Brendan O'Neill.
  • Allen & Overy is the Mandated Lead Arrangers legal counsel, while Clifford Chance represented CDB Aviation.
  • CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), a 37-year-old Chinese leasing company that is backed mainly by the China Development Bank.

Avolon Agrees Transaction for 20 A330neo Aircraft With Malaysia Aviation Group

Retrieved on: 
Monday, August 15, 2022
Professional Services, Automotive Manufacturing, Air, Aerospace, Transport, Manufacturing, Finance, MASwings, A330-900, Freedom Air, Air travel, MASkargo, Travel, Firefly, MAG, SLE, NYSE, Airbus A330neo, Airbus A330, Fuel, Sale, New York Stock Exchange, AMAL, Dr. Georges-L.-Dumont University Hospital Centre, Aircraft, Aviation, A350 XWB, Rolls-Royce, Nintendo Wi-Fi Connection, TSE, YB, IX, Economics, Transport, Shenzhen Stock Exchange, Orix, Maintenance, Engineering, A330, Rolls-Royce Trent 7000, Solution, MRO, Airline, Malaysia Airlines, Avolon, Airline, Airbus

Avolon, the international aircraft leasing company, announces that it has agreed a transaction with Malaysia Aviation Group (MAG), owner of Malaysia Airlines, for the financing of 20 A330-900neo aircraft.

Key Points: 
  • Avolon, the international aircraft leasing company, announces that it has agreed a transaction with Malaysia Aviation Group (MAG), owner of Malaysia Airlines, for the financing of 20 A330-900neo aircraft.
  • The transaction comprises the placement of 10 A330neo aircraft from Avolons orderbook and 10 A330neo aircraft to be acquired from MAG via sale and leaseback.
  • Group CEO of Malaysia Aviation Group, Captain Izham Ismail, commented: We are pleased to conclude a strategic understanding with Avolon on the renewal of our widebody fleet modernization through the leaseback arrangement of 10 A330neo aircraft, and acquire another 10 aircraft directly from Airbus.
  • Malaysia Aviation Group (MAG) is a global aviation organisation comprising three focused business portfolios from Airlines, Aviation Services and E-Commerce & Travel Services Businesses.

Virgin Atlantic Selects Viasat for In-Flight Connectivity on its New Airbus A330-900 Fleet

Retrieved on: 
Tuesday, July 12, 2022
Technology, ViaSat-3, SEC, IFC, A330-900, Social media, Aircraft, Annual report, VSAT, Ka, Viasat (American company), YouTube, Virgin Atlantic, LinkedIn, Energy Independence and Security Act of 2007, Company, History, Aviation, Securities Exchange Act of 1934, Internet, Facebook, Instagram, Atmosphere, Commercial aviation, United Kingdom, Risk, Forward-looking statement, Airbus A330, Corporate blog, Anomaly, Twitter, Securities Act of 1933, NASDAQ, Airline, Airbus, Viasat

Don Buchman, Viasat's vice president and general manager, Commercial Aviation, added, "We're thrilled that Virgin Atlantic – an airline with innovation and customer service at its core -- has chosen Viasat as its IFC partner on its new Airbus aircraft. We have a strong history of delivering quality IFC on long-haul flights and look forward to bringing our technology and service capabilities to Virgin Atlantic and its customers."

Key Points: 
  • CARLSBAD, Calif., July 12, 2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT), a global communications company, today announced Virgin Atlantic has selected Viasat's industry-leading in-flight connectivity (IFC) solution for its new Airbus A330-900 aircraft.
  • The Viasat IFC equipment will be factory-installed ("linefit") on the 16 new Virgin Atlantic Airbus A330-900s at the Airbus Center of Excellence production site in Toulouse, France, ensuring in-flight internet service is available on each aircraft upon delivery.
  • Virgin Atlantic's fleet of Airbus A330-900s is scheduled to enter service with intercontinental flights between the Americas and the United Kingdom in the second half of this year.
  • Viasat, the Viasat logo and the Viasat signal are registered trademarks of Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.

Avolon Delivers First A330neo to Cebu Pacific

Retrieved on: 
Tuesday, November 30, 2021
Professional Services, Air, Transport, Finance, Airbus A320neo family, A330, Aircraft, A330-900, Technology, NYSE, Partnership, Economics, Airbus A330, Nintendo Wi-Fi Connection, A350 XWB, Air travel, Rolls-Royce Trent 7000, Shenzhen Stock Exchange, TSE, IX, Orix, Cebu Pacific, New York Stock Exchange, Airbus A330neo, SLE, APAC, Airline

Avolon, the international aircraft leasing company, announces that it has delivered its first A330neo aircraft to Cebu Pacific.

Key Points: 
  • Avolon, the international aircraft leasing company, announces that it has delivered its first A330neo aircraft to Cebu Pacific.
  • This is the first of eight A330neo aircraft that will be placed at Cebu Pacific, with the remaining A330neo deliveries commencing from Q4 2021 and will be completed in Q2 2024.
  • This is also the sixth Avolon aircraft on lease at Cebu Pacific, comprising three A320neo aircraft and three A330 family aircraft.
  • Simon Hanson, Avolon Head of APAC, commented: We are delighted to deliver our first A330neo aircraft to Cebu Pacific, which continues our long standing and deep partnership with the Cebu Pacific management team.