Irish CDB Aviation delivers 5 Airbus A320neos to Flynas

Irish CDB Aviation delivers 5 Airbus A320neos to Flynas

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has made the first delivery of 5 Airbus A320neo aircrafts to new Saudi-based airline Flynas.

Commenting on the deal, Chief Executive Officer of CDB Aviation Mr. Patrick Hannigan stated that “This latest addition of NEO aircraft to flynas’ growing fleet advances its ambitious plans to expand the fleet and increase the scope of its offerings in line with the Vision 2030 program,”

“The Saudi market continues to bounce back strongly post-pandemic and flynas will be well-positioned to take advantage of significant pent-up demand,” Mr. Hannigan added.

The first aircraft, with a capacity of 174 passengers, was delivered in Toulouse, France, as part of the companies’ purchase and leaseback agreements announced in late January 2022. CDB Aviation expects to take delivery of the remaining A320neo aircraft and lease them back to the carrier.

Mr. Peter Goodman, CDB Aviation’s Chief Marketing Officer, observed that, “Our commercial team continues to address airlines’ requirements in all corners of the world, leveraging our platform’s leading market position and wide-ranging financing solutions to enhance their fleets and ramp up operations in the face of the progressing recovery across the global air transport industry.”

Flynas, the leading low-cost