CDB Aviation Lease Finance DAC has delivered the last of six Airbus A320-200neo aircraft to Scandinavian Airlines (SAS) as part of a sale and leaseback transaction that started in March last year.

It represents the conclusion of the first transaction with SAS by the wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing). CDB Aviation’s chief commercial officer, Patrick Hannigan, said: “The scale of this transaction underscores CDB Aviation’s commitment to delivering a unique global aircraft leasing platform with the customised fleet options our lessee customers need, one aircraft or an entire fleet at a time.”

He added: “We applaud the SAS team for continuing to lead the way in sustainability by leveraging this aircraft’s increasingly energy efficient characteristics. We look forward to further expanding our partnership by delivering the industry’s best professional, full-service support to assist the airline with their fleet plans and ensure their profitability well into the future.”

Niklas Hårdänge, vice-president fleet management at SAS Group, said: “We, at SAS, are also delighted to further develop our co-operation and appreciated CDB Aviation’s continued support of our business.”

CDB Leasing is a 34-year-old Chinese leasing company backed mainly by the China Development Bank, and the only leasing arm of the bank.


Written by: Mark Thomas

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