CDB Aviation Lease Finance (CDB Aviation), a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), announced the delivery of one new Airbus A320-200neo aircraft to Scandinavia’s airline SAS. The lessor said that the aircraft represents CDB Aviation’s first delivery of a total of six A320-200neos as part of a sale and leaseback transaction with the flag carrier.

CDB Aviation Chief Commercial Officer Patrick Hannigan stated: “We are delighted to conclude our first deal with SAS. We admire the great work the team at SAS are doing. CDB Aviation has ambitious growth plans and looks forward to doing more business with SAS.”

Niklas Hårdänge, SAS VP Fleet Management, commented: “We are very happy to welcome CDB Aviation as a new partner supporting the introduction of the Airbus A320-200neo into our fleet. We look forward to working with the CDB Aviation team going forward.”

CDB Aviation Lease Finance (CDBALF), an aircraft leasing unit of China Development Bank Financial Leasing (CDB Leasing), announced the appointment of Peter Chang as its new President and Chief Executive Officer (CEO).

The airline now operates a fleet of 161 aircraft, including 30 wet-leased to other airlines. It serves flight to European cities as well as international flights to the US, Russia, and Asia.