CDB Aviation Leases Additional Seven Narrowbody and Widebody Aircraft to Turkish Airlines
24 Abril 2024 - 9:56AM
Business Wire
Airline Will Add Lessor’s One A330-300 and
Six 737 MAX 8 Aircraft to Its Fleet
CDB Aviation, a wholly owned Irish subsidiary of China
Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”),
announced today the signing of new lease agreements for a fleet of
an additional seven narrowbody and widebody aircraft with its
existing customer, Turkish Airlines (“Turkish”), the flag carrier
of Türkiye.
Under the new agreements, one used Airbus A330-343 will be
delivered in May 2024 to support the expansion of Turkish’s
mainline international operations, while another six Boeing 737 MAX
8 aircraft will be received between 2025 and 2026 by the carrier’s
newly established subsidiary, Ajet. The CFM International Leap-1B
engine-powered MAX aircraft will be delivered from the lessor’s
existing orderbook with Boeing, bringing the total number of CDB
Aviation’s MAXs on lease to Turkish to 12.
“We are delighted to continue building upon a strong and
long-term partnership with our valued customer, Turkish Airlines,”
commented Jie Chen, CDB Aviation’s Chief Executive Officer. “The
737 MAX 8 aircraft will contribute toward the airline’s stated goal
for Ajet to become an important part of the low-cost aviation
industry on a global scale, while the A330 will provide the
increased capacity to support its ever-expanding global
network.”
Levent Konukcu, Turkish Airlines’ Chief Investment and Strategy
Officer, said: “As the airline that flies to more countries than
any other with 130 countries, Turkish Airlines continues to
strengthen its worldwide success story. In order to contribute to
this stunning expansion performance, we evaluate all possible
options to feed our fleet. Along with the previous ones, we are
glad to collaborate with CDB Aviation for these effective
agreements again.”
With the addition of the aircraft, CDB Aviation will now have
seventeen aircraft on lease to the carrier, including 12x 737 MAX
8, 1x 737-800, 1x 777-300ER, 1x A321neo, 1x A320neo, and 1x
A330-343.
Forward-Looking Statements
This press release contains certain forward-looking statements,
beliefs or opinions, including with respect to CDB Aviation’s
business, financial condition, results of operations or plans. CDB
Aviation cautions readers that no forward-looking statement is a
guarantee of future performance and that actual results or other
financial condition or performance measures could differ materially
from those contained in the forward-looking statements. These
forward-looking statements can be identified by the fact that they
do not relate only to historical or current facts. Forward-looking
statements sometimes use words such as ”may,” “will,” “seek,”
“continue,” “aim,” “anticipate,” “target,” “projected,” “expect,”
“estimate,” “intend,” “plan,” “goal,” “believe,” “achieve” or other
terminology or words of similar meaning. These statements are based
on the current beliefs and expectations of CDB Aviation’s
management and are subject to significant risks and uncertainties.
Actual results and outcomes may differ materially from those
expressed in the forward-looking statements. Accordingly, you
should not rely upon forward-looking statements as a prediction of
actual results and we do not assume any responsibility for the
accuracy or completeness of any of these forward-looking
statements. Except as required by applicable law, we do not
undertake any obligation to, and will not, update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
About Turkish Airlines
Established in 1933 with a fleet of five aircraft, Star Alliance
member Turkish Airlines has a fleet of 453 (passenger and cargo)
aircraft flying to 346 worldwide destinations as 293 international
and 53 domestics in 130 countries. More information about Turkish
Airlines can be found on its official website:
www.turkishairlines.com, or its social media accounts on Facebook,
Twitter, YouTube, LinkedIn, and Instagram.
About CDB Aviation
CDB Aviation is a wholly owned Irish subsidiary of China
Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”) a
39-year-old Chinese leasing company that is backed mainly by the
China Development Bank. CDB Aviation is rated Investment Grade by
Moody’s (A2), S&P Global (A), and Fitch (A+). China Development
Bank is under the direct jurisdiction of the State Council of China
and is the world’s largest development finance institution. It is
also the largest Chinese bank for foreign investment and financing
cooperation, long-term lending and bond issuance, enjoying Chinese
sovereign credit rating.
CDB Leasing is the only leasing arm of the China Development
Bank and a leading company in China’s leasing industry that has
been engaged in aircraft, infrastructure, ship, commercial vehicle
and construction machinery leasing and enjoys a Chinese sovereign
credit rating. It took an important step in July 2016 to globalize
and marketize its business – listing on the Hong Kong Stock
Exchange (HKEX STOCK CODE: 1606). www.CDBAviation.aero
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Media contact: Paul Thibeau Paul.THIBEAU@CDBAviation.aero; +1
612 594 9844