CDB Aviation Leases Three A320neos to Frontier Airlines

FORT LAUDERDALE – July 29, 2020 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced the company commenced this week the deliveries of three Airbus A320neos to new customer, Denver-based low fare carrier Frontier Airlines (“Frontier”) as part of a sale-and-leaseback transaction.

The LEAP-1A engine-powered aircraft, delivering from Airbus’ A320 Family jetliner final assembly line in Mobile, Alabama, are bound for an immediate entry into passenger service on U.S. domestic routes.

“We are thrilled to have Frontier join our growing customer family,” emphasized Luís da Silva, CDB Aviation Head of Commercial, Americas, adding that “we look forward to a sustainable, long-term relationship, which we hope to further grow in the future.”

Both the lessor and airline teams took the opportunity to commemorate a milestone delivery as one of the aircraft, Chinook the Gray Wolf, became the 100th A320 member of Frontier’s fleet, in addition to the other two aircraft named Cortez the Green Turtle and Parish & Daisy the Burrowing Owls.

“We are delighted to take delivery of these new aircraft and commemorate not only the continued growth of our company but also the addition of the 100th aircraft to our fleet,” said James Dempsey, Chief Financial Officer for Frontier Airlines. “We greatly value our partnership with CDB Aviation and take pride in celebrating this special milestone with them.”

“It’s extremely exciting to see the trio of siblings enter service in support of Frontier’s unwavering commitment of delivering low fares to flyers across the U.S.,” applauded da Silva.

CDB Aviation Chief Marketing Officer Peter Goodman accentuated the ongoing “targeted efforts of our global team to conduct commercial campaigns in all key aviation markets” that provide airlines with access to the lessor’s innovative financings to meet their immediate and longer-term requirements.

“CDB Aviation has been actively pursuing emerging opportunities, including in the sale and leaseback channel, with the goal of leveraging our robust platform and capabilities to support airline customers during these unprecedented times,” concluded Goodman.