On March 01, 2023, China Development Bank Financial Leasing Co., Ltd. an Irish subsidiary, CDB Aviation, announced it has completed the final delivery of five new Boeing 737 MAX 8 aircraft in a series as a part of a leaseback transaction and sale contract with the Sultanate of Oman, Oman Air, the national airline.
The aircraft, equipped with CFM Leap 1B27 engines and configured with 12 business class and 150 economy class seats, will support the airline's continuously expanding network. The 737 MAX 8 is a modern and fuel-efficient narrow-body aircraft designed by Boeing. Oman Air will use these new aircraft to modernize and expand its fleet, offering its passengers a more comfortable and enjoyable travel experience. The delivery of series aircraft will also support the growth of Oman's aviation industry and economy.
Oman Air has been steadily expanding its route network in recent years, focusing on enhancing connectivity to North and South America and Australia. In addition to its established routes throughout the Middle East and the Indian Subcontinent, the airline has added several new destinations in Europe and Africa.
CDB Aviation's Head of EMEA, Paul Boyle, said, "We are very pleased to build on our relationship with Oman Air and expand our presence in the Middle East with this sale and leaseback transaction." He also said, "These new technology, fuel-efficient aircraft will support the airline's ongoing recovery efforts, providing the airline's passengers with greater connectivity and a wider choice of destinations from its hub in Muscat."
(Source – Business Wire)
About CDB Aviation
Founded in 2002, an innovative aircraft fleet financing solutions provider CDB Aviation is a full-service aircraft leasing platform. The company offers a competitive cost of funding and a customer-oriented, full-service approach focused on implementation and rooted in a culture of competency. It is a wholly-owned subsidiary of China Development Bank Financial Leasing Co., Ltd., in Ireland. The State Council of China runs China Development Bank, the world's largest development finance organization.