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CDB Aviation Leases Three A321neos to KLM

Sep 15,2023

¡°We are thrilled to be expanding our long-standing relationship with KLM through the addition of these brand new A321neos to their fleet on operating lease,¡± said Peter Goodman, CDB Aviation¡¯s Chief Commercial Officer. ¡°These next generation aircraft offer the best performance in their category for the group¡¯s network needs, benefiting from the latest technological innovations.¡±

The three aircraft, equipped with the CFM LEAP-1A30 engines, will be delivered to KLM between September and November 2024. The carrier plans to induct these aircraft on medium-haul routes in Europe, notably from Amsterdam Schiphol, its global hub.

¡°Carriers like KLM, whose fleet renewal strategies are set on ambitious trajectories, value the flexibility and certainty offered by lessors whom they can trust and rely on to execute. With a rapid post-pandemic recovery, lessors have been required to turn to ingenuity and novel approaches in helping airlines reach their fleet expansion and renewal goals. We are very pleased KLM chose our team for these aircraft. The results achieved by our collaboration will be instrumental in helping reach KLM¡¯s decarbonization targets,¡± concluded Jie Chen, CDB Aviation Chief Executive Officer.

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.

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