Kolkata: CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced on Thursday the delivery of the first of a fleet of nine Airbus A321neo aircraft to IndiGo, as part of a purchase and leaseback transaction. It expects to deliver eight more early next year.
The aircraft also marks Airbus’ 1,000th A320neo family aircraft delivery, signifying a historic milestone for its best-selling single aisle fleet.
IndiGo CEO Ronojoy Dutta said, “We are delighted to add another A321neo in our fleet as we continue to expand our domestic and international operations. The A320 family has enhanced the cost and fuel-efficiency in IndiGo’s operations and will strengthen this proposition in future, as we aim to build the best air transportation system in the world. I would like to congratulate the Airbus team for delivering their 1000th aircraft. Airbus has been our partner since IndiGo’s inception and as we expand, we wish to continue this journey together, achieving more such milestones.”
The private airline stated that the A321neo aircraft, equipped with the Pratt & Whitney PW1133G turbofan engines and configured with a 222-seat layout, are expected to generate lower operating costs while availing the carrier of the advantages of reduced environmental impact and enhanced passenger experience. CDB Aviation hopes to hand over the remaining eight aircrafts by the end of January, 2020.
CDB Aviation CEO Peter Chang said, “The significant scale of this transaction further demonstrates our steadfast commitment to offering wide-ranging solutions to airlines, providing the ideal fleet options they seek, one aircraft or an entire fleet at a time.”
He added: “The CDB Aviation team congratulates members of our long-standing partner, Airbus, on reaching a significant milestone in their A320neo program. CDB Aviation’s financing solutions are anchored in our ability to offer the latest generation aircraft. We are proud to be at the forefront of industry by building the most modern, fuel-efficient fleet, while advocating to advance technological leadership and sustained innovation drive in efforts to reduce aviation’s environmental impacts.”