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Market: CBD Aviation delivers first A320neo to Air India

Fiinews by Fiinews
November 2, 2023
in Markets
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India is a key market for CDB Aviation, says Goodman

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co, Limited, has delivered the first of a fleet of six Airbus A320neo aircraft to Air India.

In 2022, CDB Aviation became one of the first aircraft leasing companies to secure the placement of Air India’s additional A320neo aircraft, which will support the carrier’s multi-stage transformation initiative that is being rolled out post its acquisition by the Tata group.

By incorporating the A320neo aircraft into the fleet, Air India aims to significantly reduce its carbon footprint, contributing to a greener and more sustainable future for India’s aviation sector.

“India is a key market for CDB Aviation, being one of the fastest growing aviation regions in the world and the second largest Asian market for new aircraft deliveries, with nearly 1,000 jets on order with Boeing and Airbus,” underscored Peter Goodman, CDB Aviation’s Chief Marketing Officer.

“Our commercial team is delighted to have worked closely with Air India to address their fleet requirements with these new Airbus narrowbody aircraft from our order book.

“We are confident that these aircraft will play a pivotal role in Air India’s multi-stage transformation,” Goodman said in a release on 1 Nov 2023. Fiinews.com

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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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