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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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