Sale and Leaseback Transaction Supports Maximizing Middle East Carrier’s Post-Pandemic Growth Trajectory.
DUBLIN – CDB Aviation, a completely owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd., introduced the ultimate supply of a brand new Boeing 737 MAX 8 plane in a collection of 5 deliveries contracted as a part of a sale and leaseback transaction with Oman Air, the nationwide airline of the Sultanate of Oman.
The plane, outfitted with the CFM Leap 1B27 engines and configured with 12 enterprise and 150 economic system class seats, will assist the provider’s ever-expanding community. Oman Air has been introducing routes all through the Middle East and the Indian Subcontinent, in addition to a number of cities in Europe, South Asia, and Africa, lately and is concentrated on rising further connectivity to North and South America and Australia.
“We are very pleased to build on our relationship with Oman Air and to expand our presence in the Middle East with this sale and leaseback transaction,” stated Paul Boyle, CDB Aviation’s Head of EMEA. “These new technology, fuel-efficient aircraft will support the airline’s ongoing recovery efforts, providing the airline’s passengers with greater connectivity and a wider choice of destinations from its hub in Muscat.”
“As air travel demand continues to grow post-pandemic, Oman Air has the opportunity to expand progressively. The latest addition to our fleet will serve both domestic and short-to-medium international sectors, further extending our seamless connectivity to a growing number of destinations,” commented AbdulAziz Al Raisi, Chief Executive Officer of Oman Air. “We are glad to have CDB Aviation as our partner in growth and continue to place ourselves at the forefront of aviation technology, enhance our operational efficiency, as well as provide our guests with an exceptional on-board experience.”
Peter Goodman, CDB Aviation’s Chief Marketing Officer, concluded: “As the airlines’ ongoing recovery continues, members of our commercial team are working relentlessly with airline teams across all markets to support the financing needs of their fleets and commercial operations to take full advantage of post-pandemic growth opportunities.”
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