CDB Aviation Delivers First A320neo Aircraft to flynas
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Friday, February 18, 2022
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CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced today the delivery of the first of up to five Airbus A320neo aircraft to a new airline customer, flynas, the Saudi Arabia-based air carrier.
Key Points:
- CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced today the delivery of the first of up to five Airbus A320neo aircraft to a new airline customer, flynas, the Saudi Arabia-based air carrier.
- The Saudi market continues to bounce back strongly post-pandemic and flynas will be well-positioned to take advantage of significant pent-up demand.
- CDB Aviation expects to take delivery of the remaining A320neo aircraft and lease them back to the carrier.
- CDB Aviation is rated Investment Grade by Moodys (A2), S&P Global (A), and Fitch (A+).