50 SKY SHADES - World aviation news

Record Activity and Growth in 2018 of CDB Aviation, Executing Transactions for 107 Aircraft

Download: Printable PDF Date: 19 Jan 2019 18:09 (UTC) category:
Publisher:
Record Activity and Growth in 2018 of CDB Aviation, Executing Transactions for 107 Aircraft - Finance publisher
Tatjana Obrazcova
Aircraft: Airplanes

CDB Aviation announced a record year for 2018, in which the company executed transactions involving 107 aircraft, rapidly accelerating business to support the continued growth of its industry-leading leasing platform.

“We’re extremely proud to report that 2018 was another benchmark year for CDB Aviation, setting an all-time record for activity across the many facets of our fast-evolving business,” said CDB Aviation Chief Executive Officer Peter Chang. “This past year’s growth is evidence of the strength and scale of our platform, as well as demonstrates our unwavering commitment to execution, through a combination of following our business model, opportunities with the manufacturers – a relationship we price very highly, and strong relationships with the airlines.”

During 2018, we: 

• Signed lease transactions for 62 aircraft with 22 customers;

• Signed agreements to sell 17 aircraft and to acquire 28 aircraft;

• Acquired 42 aircraft on operating lease, representing over 20% growth by number of aircraft in the fleet at the start of 2018;

• Signed financing transactions for $3.2 billion; 

• Ended the year with 104 total employees, adding 36 new staff members in 2018; and

• Added 9 new airline customers.

Patrick Hannigan, CDB Aviation Chief Commercial Officer, commented: “Our company’s top-calibre team is steadfast in its efforts to broaden our customer base, delivering on our commitment to building long-term relationships with airlines across all key markets of the world.” 

Chang added: “We have built a top-tier, global platform that is financially strong, focused on long-term thinking, and highly competitive. Together with our shareholder China Development Bank, we are proud to be shaping the future of aviation finance, earning our customers’ and industry’s respect. We will continue to grow exponentially and expand upon last year’s success.”

 





Recommended

Twelve launches Fuel for the Long Haul campaign setting new standard for sustainable aviation

Twelve announced the launch of its Fuel for the Long Hau brand campaign introducing a technology and company first market offering, E-Jet Sustainable Aviation Fuel. Twelv...

ExecuJet MRO Services South Africa set to achieve new record for airframe heavy checks

ExecuJet MRO Services South Africa is poised to set a new record this year for airframe heavy maintenance checks. Company’s previous annual record was seven, but this year it will complete at le...

Thales modernizes Bahrain’s Airspace with TopSky Aeronautical Messaging Handling System

In a significant stride towards modernizing Bahrain airspace further, the Ministry of Transportation and Telecommunications’ Civil Aviation Affairs recently implemented the latest vers...

Airways Aviation and Pier Seven Aviation sign collaboration deal

Airways Aviation and Pier Seven Aviation signed a Memorandum of Understanding to establish a collaborative partnership aimed at providing self-funded students and airline cadets with end-to-end pilot...

Android Apps development in Riga, Latvia The drones news