Published on February 21st, 2022 | by Alan Dwyer0
CDB Lease A320neo to FlyNAS
Dublin based leasing company, CDB Aviation has announced the delivery of the first of up to five Airbus A320neo aircraft to FlyNAS, the Saudi Arabian based airline. The first aircraft, with a capacity for 174 passengers, was delivered from the Airbus factory in Toulouse, as part of the companies’ purchase and leaseback agreements announced in late January 2022. CDB Aviation expects to take delivery of the remaining Airbus A320neo aircraft and lease them back to the carrier.
FlyNAS was set up in 2007 and they have a fleet of 35 Airbus A320 aircraft. The airline is expanding with orders for over 70 Airbus single-aisle aircraft with A320neo and A321neo’s joining the fleet in the coming years.
Commenting on the deal, CDB Aviation’s Chief Executive Officer, Patrick Hannigan said, “This latest addition of NEO aircraft to FlyNAS’s growing fleet advances its ambitious plans to expand the fleet and increase the scope of its offerings in line with the Vision 2030 program. The Saudi market continues to bounce back strongly post-pandemic and FlyNAS will be well-positioned to take advantage of significant pent-up demand.”
Also commenting was CDB Aviation’s Chief Marketing Officer, Peter Goodman who added, “Our commercial team continues to address airlines’ requirements in all corners of the world, leveraging our platform’s leading market position and wide-ranging financing solutions to enhance their fleets and ramp up operations in the face of the progressing recovery across the global air transport industry.”