Mon, Nov 27, 2017
Completes Purchase and Leaseback Transaction
CDB Aviation Lease Finance DAC, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited, has delivered a new Airbus A320neo aircraft to India-based, low-cost carrier Go Airlines (India) Ltd.
The aircraft is the first of a total of 14 A320neos to be delivered to GoAir as part of a Purchase and Leaseback transaction, which involves a binding agreement for five aircraft and a non-binding Letter of Intent for an additional nine aircraft that are subject to CDB Aviation internal approvals, signed between the airline and CDB Aviation. The program is expected to run through the end of 2019, with the initial five aircraft to be delivered by the end of 2017. The aircraft will join the carrier’s all-A320 fleet and will be operated on its domestic network that connects prominent business metros and leisure destinations across the Indian subcontinent.
"We are very delighted to execute a purchase and leaseback program with GoAir that represents such a large-scale transaction. The 14 aircraft fleet requires the support of an established, full-service platform and CDB Aviation is well positioned to deliver the platform to the market that has the required resources, expertise, and capabilities,” said CDB Aviation President and Chief Executive Officer Peter Chang. “The completion of this transaction further demonstrates CDB Aviation’s steadfast commitment to executing our strategy to secure and build a fleet of the latest technology aircraft and engines to offer airlines the ideal fleet options they seek, one aircraft or an entire fleet at a time.”
"From our firm order of 144 A320neos we are delighted to have completed a 14 aircraft sale-leaseback program with CDB Aviation," said Jeh Wadia, Managing Director, GoAir. "We appreciate the opportunity to work with CDB Aviation and look forward to further optimizing our fleet through our long-term partnership.”
(Source: CDB Aviation news release. Image from file)
More News
Airbus Racer Demonstrator Makes Inaugural Flight Airbus Helicopters' ambitious Racer demonstrator has achieved its inaugural flight as part of the Clean Sky 2 initiative, a corners>[...]
A little Bit Quieter, Said Testers, But in the End it's Still a DA40 Diamond Aircraft recently completed a little pilot project with Lufthansa Aviation Training, putting a pair of >[...]
Line Up And Wait (LUAW) Used by ATC to inform a pilot to taxi onto the departure runway to line up and wait. It is not authorization for takeoff. It is used when takeoff clearance >[...]
Contributing To The Accident Was The Pilot’s Use Of Methamphetamine... Analysis: The pilot departed on a local flight to perform low-altitude maneuvers in a nearby desert val>[...]
From 2015 (YouTube Version): Overcoming Obstacles To Achieve Their Dreams… At EAA AirVenture 2015, FedEx arrived with one of their Airbus freight-hauling aircraft and placed>[...]
Airbus Racer Helicopter Demonstrator First Flight Part of Clean Sky 2 Initiative
See All