CDB Aviation leases six more A321neos to Wizz Air
Lessor says deal extension brings to ten the number of such planes leased to European low-cost carrier
7 Oct 2020 | The Asset

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has agreed to lease six more Airbus A321neo aircraft to Wizz Air Holdings (Wizz Air).

Wizz Air is scheduled to receive four A321neos in the fourth quarter of 2021, with the remaining two expected to arrive in the second quarter of 2022. The planes are powered by Pratt & Whitney GTF engines and similarly configured with the widest single-aisle cabin with 239 seats in a single-class layout.

“We are very pleased that the Wizz Air team has again elected to turn to our platform for the financing of these additional aircraft in the sale and leaseback channel,” Paul Boyle, CDB Aviation’s head of Europe, the Middle East & Africa, says in a statement.

Wizz Air, the largest customer of the A321neo variant, chose CDB Aviation for the repeat transaction in these challenging times for the industry in view of “our team’s ability to expediently meet the need for financings with the utmost reliability and the speed of execution”, says Boyle.

Earlier, CDB Aviation leased four A321neos to Wizz Air, bringing the total number of such aircraft under lease agreements with the carrier to ten.

Wizz Air, the largest low-cost airline in Central and Eastern Europe, operates a fleet of 133 Airbus A320 and A321 aircraft.