CDB Aviation and SAS expand relationship with new transaction for four Airbus aircraft

SAS took delivery of a new Airbus A350-900 on lease from CDB Aviation on Friday, March 26, 2021 in Toulouse, France. (Photo: Business Wire)

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited, announced a new sale and leaseback transaction for a fleet of four Airbus aircraft with its existing customer, Scandinavia’s flagship airline, SAS.

The agreement incorporates three Airbus A320neo and one A350-900 aircraft, which are leased to SAS on a long-term basis. The carrier already took delivery of the A350 on Friday, March 26, 2021. The remaining three A320neos are expected to be delivered during the spring of 2022.