CDB Aviation Begins Deliveries of Four A320neo Family Aircraft to Russia’s Aeroflot

DUBLIN – May 17, 2021 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced that the company delivered the first of four Airbus A320neo family aircraft on long-term lease to Russia’s flagship airline, Aeroflot.

Aeroflot took delivery of the first aircraft, a new A320neo, on May 14 at Airbus’ delivery center in Toulouse, France. The remaining three deliveries include two additional A320neos and one A321neo, which will be received by the carrier later in May.

“We are pleased to expand our strategic relationship between Aeroflot and CDB Aviation,” noted Peter Goodman, CDB Aviation Chief Commercial Officer, adding that “these modern aircraft will deliver the right mix of operational efficiency and flexibility” to support Aeroflot’s fleet optimization as the carrier works towards its Strategy 2028 and seizes on opportunities in the Russian and international air transportation markets.

The neos will support Aeroflot’s strategic efforts to retrench its leading position in key markets on the domestic network, while enhancing its fleet with the latest technology narrowbody aircraft offering higher capacity and improved fuel-efficiency.