Wadia to optimize fleet

CDB Aviation has taken delivery of its 100th Airbus A320 Family aircraft which will be operated by India’s low-cost carrier Go Airlines Ltd. (GoAir).

The A320neo aircraft is part of a purchase and leaseback agreement signed with the carrier earlier in 2018. The delivery marks the overall 125th Airbus aircraft to join the lessor’s fleet.

The aircraft will join GoAir’s all-A320 fleet and will be operated on the carrier’s network that connects prominent business metros and leisure destinations across the Indian subcontinent.

Coinciding with the delivery, CDB Aviation and GoAir announced the signing of a purchase and leaseback agreement for the 14th A320neo, which will be delivered toward the end of the year.

The partnership between CDB Aviation and GoAir serves as a model of an innovative, creative platform that will enable India’s burgeoning aviation sector to spread its wings and advance its increasingly important role in Asia Pacific.

GoAir Managing Director Jeh Wadia said: “From our firm order of 164 A320s, which comprises 144 neo and 20 ceo aircraft, we are delighted to have completed the delivery of the 13th neo aircraft sale-leaseback program with CDB Aviation out of the 14 aircraft deal.”

“GoAir is now ranked as the fastest growing airline in the world with a combined fleet size of 43 aircraft and growing further. We look forward to replicate this success in the coming years by further optimizing our fleet through our existing long-term partnership with CDB Aviation,” he said in a statement on 12 Nov 2018. fiinews.com