China Development Bank’s aviation unit buys 80 Airbus A320neo jets

Airbus A321-253NY F-WWAB AirbusAirbus A321-253NY F-WWAB Airbus at Farnborough Airshow 2024 | Rob Vogelaar

Sept 12 (Reuters) – China Development Bank Financial Leasing said on Thursday it would buy 80 Airbus A320neo planes with delivery expected to begin in 2030.

The purchase will optimize the fleet structure of its aviation unit and increase the proportion of next-generation aircraft which have high fuel efficiency and wide market penetration, a statement to Hong Kong stock exchange said.

The company said deliveries are expected between 2030 and 2032.

European planemaker Airbus has been struggling to meet delivery targets due to supply chain problems which are affecting the entire aviation industry.
Photo Rob Vogelaar