DUBLIN – September 11, 2023 – 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 three new Airbus A321neo aircraft with KLM Royal Dutch Airlines (“KLM”).

“We are thrilled to be expanding our long-standing relationship with KLM through the addition of these brand new A321neos to their fleet on operating lease,” said Peter Goodman, CDB Aviation’s Chief Commercial Officer. “These next generation aircraft offer the best performance in their category for the group’s network needs, benefiting from the latest technological innovations.”

The three aircraft, equipped with the CFM LEAP-1A30 engines, will be delivered to KLM between September and November 2024. The carrier plans to induct these aircraft on medium-haul routes in Europe, notably from Amsterdam Schiphol, its global hub.

“Carriers like KLM, whose fleet renewal strategies are set on ambitious trajectories, value the flexibility and certainty offered by lessors whom they can trust and rely on to execute. With a rapid post-pandemic recovery, lessors have been required to turn to ingenuity and novel approaches in helping airlines reach their fleet expansion and renewal goals. We are very pleased KLM chose our team for these aircraft. The results achieved by our collaboration will be instrumental in helping reach KLM’s decarbonization targets,” concluded Jie Chen, CDB Aviation Chief Executive Officer.