CDB Aviation, the wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has completed an additional sale and leaseback transaction for a batch of six Airbus A321neo aircraft with Wizz Air.
Wizz Air is expected to receive four A321neos in the fourth quarter of 2021, with the remaining two slated for the second quarter of 2022. The aircraft are powered by Pratt & Whitney GTF engines and similarly configured with the widest single-aisle cabin with 239 seats in a single-class layout.
“We are very pleased that the Wizz Air team has again elected to turn to our platform for the financing of these additional aircraft in the sale and leaseback channel,” stated Paul Boyle, CDB Aviation’s Head of Europe, the Middle East & Africa.
Wizz Air, the largest Airbus customer of the A321neo variant, attributed the selection of CDB Aviation for this repeat transaction in these challenging times facing the airline and the broader industry to “our team’s ability to expediently meet the need for financings with the utmost reliability and the speed of execution,” underscored Boyle.
The announcement comes on the heels of a recently executed agreement for four A321neos between the lessor and the carrier, bringing the total of the type under lease agreements to ten.
“We are delighted to have signed just another deal with CDB Aviation,” said András Sebők, Chief Supply Chain Officer of Wizz Air. “We are confident that the cooperation between the two companies will continue to be a great success thanks to the smooth and seamless relationship with CDB Aviation.”