China’s CDB Leasing Orders 80 Airbus A320neo Aircraft to Upgrade Fleet
China Development Bank Financial Leasing (CDB) has announced a substantial order for 80 Airbus A320neo family aircraft. The deal, revealed on September 11, 2024, includes deliveries scheduled between 2030 and 2032. This significant acquisition, also involving CDB’s subsidiary Aviation Lease Finance (DAC), aims to modernize CDB’s fleet by integrating next-generation, fuel-efficient jets.
The A320neo family, known for its enhanced fuel efficiency and lower operating costs, is highly sought after globally. The order will contribute to a more sustainable and cost-effective fleet, reflecting CDB’s commitment to reducing environmental impact and improving operational efficiency.
This order aligns with a broader trend among airlines and aircraft lessors securing delivery slots for the coming decade. Despite this surge in demand, Airbus has faced challenges in meeting its 2024 delivery targets. In June 2024, the European aerospace giant announced that it would not achieve its goal of 800 commercial aircraft deliveries this year due to persistent supply chain issues. Consequently, Airbus has deferred the planned increase in A320neo family production from 2026 to 2027.
The A320neo family, including the A321neo as the largest variant, continues to be one of Airbus’s top sellers. With over 7,000 orders still pending, the A320neo’s popularity underscores its market dominance. The aircraft features the widest single-aisle cabin in its class, offering a 50% reduction in noise, at least 20% lower fuel consumption, and a significant decrease in CO2 emissions compared to previous models.
This latest order from CDB highlights the ongoing demand for modern, efficient aircraft and reinforces the A320neo’s position as a leading choice for fleet upgrades. As airlines and leasing companies like CDB invest in newer models, they are setting a new standard for fuel efficiency and environmental performance in the aviation industry.
Related news: https://airguide.info/?s=China+Development+Bank, https://airguide.info/?s=A320
Sources: AirGuide Business airguide.info, bing.com, airbus.com, China Development Bank