CDB Aviation Delivers Three A320neo Aircraft to Volaris
BUSINESS WIRE)--CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited ('CDB Leasing'), announced today the delivery of three Airbus A320neo aircraft to its long-standing customer, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ('Volaris').
Our commercial team is focused on being a partner that our airline customers can trust and rely on to execute. This bespoke fleet solution for Volaris included delivering engines months prior to delivering the airframes.
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'We appreciate the strong partnership and collaboration with the Volaris team that resulted in the expedited transition process involved in the execution of these three aircraft transactions,' commented Jie Chen, CDB Aviation's Chief Executive Officer. 'We will continue to work with quality airline customers like Volaris to provide them with customized fleet lease solutions that enable their businesses to compete and grow successfully in today's dynamic market environment.'
'For Volaris, the delivery of these three aircraft from CDB Aviation represents a significant milestone, as it reinforces our operational and growth strategy across key markets. This fleet expansion will further enhance connectivity on our routes in Mexico, the United States, and Central and South Americas, in line with our commitment to offering greater value and convenience to our customers,' said Enrique Beltranena, Volaris' Chief Executive Officer.
'Our commercial team is focused on being a partner that our airline customers can trust and rely on to execute. This bespoke fleet solution for Volaris included delivering engines months prior to delivering the airframes,' added Luís da Silva, CDB Aviation's Head of Commercial, Americas.
Forward-Looking Statements
This press release contains certain forward-looking statements, beliefs or opinions, including with respect to CDB Aviation's business, financial condition, results of operations or plans. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as 'may,' 'will,' 'seek,' 'continue,' 'aim,' 'anticipate,' 'target,' 'projected,' 'expect,' 'estimate,' 'intend,' 'plan,' 'goal,' 'believe,' 'achieve' or other terminology or words of similar meaning. These statements are based on the current beliefs and expectations of CDB Aviation's management and are subject to significant risks and uncertainties. Actual results and outcomes may differ materially from those expressed in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.
About Volaris
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. ('Volaris' or 'the Company') (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to 222 and its flights from 4 to 147 aircraft. Volaris offers 500 daily flight segments on routes that connect 44 cities in Mexico and 29 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. Volaris has received the ESR Award for Social Corporate Responsibility for 15 consecutive years. For more information, please visit ir.volaris.com. Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris. www.volaris.com.
About CDB Aviation
CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ('CDB Leasing') a 40-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody's (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is one of the world's largest development finance institutions. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating.
CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China's leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606).
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