CDB Aviation leases two Airbus A330-300s to Thai Airways, enhancing the airline’s capacity in Asia Pacific amid rising travel demand, marking a strategic expansion of CDB’s regional customer base.
Bangkok, Thailand – CDB Aviation, an Irish subsidiary of China Development Bank Financial Leasing Co., Ltd., has announced a significant lease agreement with Thai Airways International Public Company Limited, Thailand’s national carrier. This agreement involves the leasing of two used Airbus A330-300 widebody aircraft, a strategic move to augment Thai Airways’ capacity in response to the burgeoning travel demand across Asia Pacific.
Jie Chen, the Chief Executive Officer of CDB Aviation, expressed enthusiasm about the new partnership, stating, “We are delighted to be welcoming Thai Airways to our growing Asian Pacific customer base.” This collaboration marks a significant milestone for CDB Aviation, emphasizing its expanding influence in the region’s aviation sector. The addition of the widebody aircraft to Thai Airways’ fleet is set to fortify the airline’s presence in its key intra-Asian markets, providing the necessary capacity to accommodate the high season and surging travel demand.
The aircraft are scheduled for delivery to Thai Airways in September and October 2024. This timeline is critical, as it aligns with the airline industry’s ongoing recovery and the anticipated upswing in passenger volumes. The aviation sector has been witnessing a tight supply of both new and used aircraft, primarily driven by airlines’ needs to expand their fleets in response to increasing passenger volumes. This trend underscores the challenges airlines face in maintaining competitiveness and meeting market demands.
CDB Aviation’s CEO, Jie Chen, highlighted the company’s commitment to understanding and addressing the diverse needs of its customers. “Our commercial team remains focused on comprehending and fulfilling the diverse needs of our customers, assisting them in addressing both immediate and longer-term fleet challenges that necessitate resolution,” he said. This approach demonstrates CDB Aviation’s dedication to providing tailored solutions that cater to the specific requirements of airlines, particularly in the dynamic and competitive Asia Pacific region.
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