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Benzinga
Benzinga
Business
Akanksha Bakshi

CDB Aviation Inks Sale, Leaseback Agreement With Volaris For Five Airbus Aircraft

Volaris EADSY Airbus SE
  • CDB Aviation entered into a new sale and leaseback agreement with its existing customer, Controladora Vuela Compania De Aviacion SAB De CV (NYSE:VLRS) (Volaris), for a fleet of five Airbus SE (OTC:EADSY) aircraft. Financial terms not disclosed.
  • CDB Aviation is an Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing).
  • This agreement brings the number of CDB Aviation aircraft on lease to Volaris to thirteen aircraft.
  • Four aircraft were already delivered, with further nine planes to be delivered by Q4 of 2024.
  • Price Action: VLRS shares are trading lower by 1.55% at $18.16, and EADSY is lower by 1.52% at $27.77 on the last check Thursday.
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