New Customer in Asia Pacific to Leverage Widebody Aircraft to Meet Growing Passenger Volumes

Bangkok, Thailand – January 2, 2024 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the signing of a lease agreement for two used widebody aircraft, Airbus A330-300s, with Thai Airways International Public Company Limited (“Thai Airways”), the national airline of Thailand.

“We are delighted to be welcoming Thai Airways to our growing Asian Pacific customer base,” stated Jie Chen, CDB Aviation’s Chief Executive Officer. “The increased widebody fleet will strengthen the carrier’s position across its key intra-Asian markets, providing the extra capacity needed to meet the high season and rising travel demand in many regions.”

The aircraft will be delivered to the carrier in September and October 2024. 

“We’re continuing to see the heightened demand from airlines amidst a tight supply of new and used aircraft, driven primarily by the need to meet growing passenger volumes. Our commercial team remains focused on comprehending and fulfilling the diverse needs of our customers, assisting them in addressing both immediate and longer-term fleet challenges that necessitate resolution,” concluded Chen.