Facility Backed by 15 Narrowbody and Widebody Airbus and Boeing Aircraft

SINGAPORE – November 8, 2022 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced on the sidelines of the Airline Economics Growth Frontiers Asia Pacific 2022 conference that the company has entered into a facility agreement for a US$650 million secured portfolio financing.

The seven-year facility is secured with a portfolio of 15 narrowbody and widebody aircraft, comprising the Airbus A320/A321neo, A330-900, as well as Boeing 737-8 and 787-9 Dreamliner aircraft.

“We continue to successfully address CDB Aviation’s capital needs through diversifying our financing sources and by broadening and deepening our relationships with banking and capital markets providers,” stated CDB Aviation Chief Financial Officer Brendan O'Neill.  “Our ability to engage global financial institutions is a direct reflection on the strong competencies and efforts of our Finance team and the support of our shareholder, CDB Leasing.”

The facility is financed by a group of MLA banks, consisting of Crédit Agricole Corporate and Investment Bank, Bank of Communication Co., Ltd., The Hongkong and Shanghai Banking Corporation Limited, and ING Bank. Natixis acted as Debt Coordinators. Crédit Agricole Corporate and Investment Bank acted as Facility Agent and Security Trustee. Allen & Overy is the Mandated Lead Arrangers’ legal counsel, while Clifford Chance represented CDB Aviation.