CDB Aviation Leases Two New 737 MAX 8 Aircraft to TAROM
02 Julio 2024 - 9:05AM
Business Wire
Lessor’s Newest European Customer Will
Leverage Aircraft for Fleet Modernization
CDB Aviation, a wholly owned Irish subsidiary of China
Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”),
announced today the signing of lease agreements for two Boeing 737
MAX 8 aircraft with a new customer, Romanian flag air carrier
TAROM.
The two MAX aircraft, leased from CDB Aviation’s direct
orderbook with Boeing, will support TAROM’s fleet modernization
process, which is aimed to result in a standardized fleet and allow
for a significant reduction in costs. The aircraft will be
configured with 189 seats and scheduled to be delivered to the
airline between December 2025 and January 2026.
“We look forward to forging a strong relationship with our
newest European customer and one of the region’s oldest airlines,
TAROM. Since its inception seven decades ago, TAROM is currently
the longest operating airline of Romania, having played a central
role in advancing the country’s aviation industry and its regional
connectivity. With these MAX aircraft, TAROM will be able to
continue to enhance its market position, while building one of the
youngest fleets in the region,” commented Jie Chen, CDB Aviation’s
Chief Executive Officer.
“We are thrilled to partner with CDB Aviation in our ongoing
plans to modernize TAROM’s fleet, and the role of these two new
Boeing 737 MAX 8 aircraft is to help us enhance operational
efficiency and provide our passengers with a superior flying
experience. We value CDB Aviation’s expertise and support for this
investment, an important part of our company's development plan, in
which the fleet update is a key element in bringing about a better
commercial performance and growth outlook, and we are looking
forward to introducing them in our regular flight planning,”
commented Costin Iordache, TAROM’s Chief Executive Officer.
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 TAROM
TAROM Romanian Air Transport was established in 1954 and
operates under the authority of the Ministry of Transport, being a
member of the SkyTeam Alliance since June 25, 2010. The Romanian
flag carrier owns a fleet of 18 aircraft and has in its portfolio a
number of 70 destinations operated with its own aircrafts or served
by its code share partners. Since 1993, TAROM has been a member
company of the International Air Transport Association (IATA). More
details about the products and services offered by TAROM can be
provided by accessing the company’s website at
http://www.tarom.ro/.
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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Paul Thibeau Paul.THIBEAU@CDBAviation.aero; +1 612 594 9844