CDB Aviation Lease Finance (CDB Aviation), a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), announced the delivery of a new Airbus A320neo aircraft to India-based, low-cost carrier Go Airlines (GoAir).

The aircraft is the first of a total of 14 A320neos to be delivered to GoAir. The program is expected to run through the end of 2019, with the initial five aircraft to be delivered by the end of 2017. The aircraft will join the carrier’s all-A320 fleet and will be operated on its domestic network that connects prominent business metros and leisure destinations across the Indian subcontinent.

"We are very delighted to execute a purchase and leaseback program with GoAir that represents such a large-scale transaction. The 14 aircraft fleet requires the support of an established, full-service platform and CDB Aviation is well positioned to deliver the platform to the market that has the required resources, expertise, and capabilities,” said CDB Aviation President and Chief Executive Officer Peter Chang. “The completion of this transaction further demonstrates CDB Aviation’s steadfast commitment to executing our strategy to secure and build a fleet of the latest technology aircraft and engines to offer airlines the ideal fleet options they seek, one aircraft or an entire fleet at a time”.

“From our firm order of 144 A320neos we are delighted to have completed a 14 aircraft sale-leaseback program with CDB Aviation,” said Jeh Wadia, Managing Director, GoAir. “We appreciate the opportunity to work with CDB Aviation and look forward to further optimizing our fleet through our longterm partnership”.