Leasing News in Brief 12 October 2025

CDB Aviation delivers 2 A320neos to Azerbaijan Airlines: CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced the completion of a delivery mandate for two brand-new Airbus A320neo aircraft to Azerbaijan’s national air carrier, Azerbaijan Airlines (“AZAL”). The announcement of the lease agreements in June 2024 marked CDB Aviation’s first transaction in Azerbaijan, which became the lessor’s newest customer within the region. The A320neos, powered by the CFM LEAP-1A26 engines, were introduced to AZAL’s fleet as part of the airline’s fleet modernisation initiative, which will replace its older A320 and A319s with the new-generation versions. “I would like to thank the AZAL and CDB Aviation teams for their excellent collaboration to date. We are confident that the addition of these latest generation A320neo Family aircraft will further boost AZAL’s sustainable growth,” commented Jie Chen, Chief Executive Officer of CDB Aviation. “We are pleased to deepen our cooperation with CDB Aviation through the delivery of these new A320neo aircraft. The addition of these modern, fuel-efficient aircraft supports AZAL’s ongoing fleet renewal strategy and reflects our commitment to offering passengers a more comfortable and sustainable travel experience,” said Samir Rzayev, President of Azerbaijan Airlines. BOC Aviation announces Q3 op data: BOC Aviation announced its operational transactions for the third quarter ended 30 September 2025 showing a total portfolio of 812 aircraft and engines owned, managed and on order with an average aircraft age of 5.0 years and an average remaining lease term of 7.8 years for the 442 owned aircraft fleet. The company said its managed fleet comprised 17 aircraft as the company resigned from its servicer obligations for 15 aircraft. It said it had an order book of 343 aircraft and a customer base of 88 airlines in 46 countries and regions in the owned and managed portfolios. The company said it executed a total of 34 transactions in the third quarter of 2025, including: Commitments to purchase three aircraft; Delivery of 11 aircraft; Sales of 10 owned aircraft; 10 lease commitments; and raised US$500 million of 5.5-year bonds at coupon of 4.25% per annum or 58 basis points above 5-year US Treasury – the Company’s tightest bond spread in history. Avolon releases Q3 business update: Avolon, a leading global aviation finance company, issues an update for the third quarter (‘Q3’) of 2025. The company said it acquired 17 aircraft, sold 15 aircraft and ended the quarter with 60 aircraft agreed for sale. It entered into letters of intent for purchase and lease of 10 aircraft and placed eight  aircraft from its orderbook, ending the quarter with 99% of the orderbook placed for the next 24 months. The company said it ordered 90 new aircraft with Airbus including 75 A321neo aircraft and 15 A330neo aircraft, with the new aircraft scheduled to be delivered out to 2033 and ended the quarter with an owned, managed and committed fleet of 1,159 aircraft, including orders and commitments for 522 new technology aircraft. The company said it raised US$2.2 billion in unsecured funding and completed the repayment of US$829 million of existing secured debt and a US$1 billion tender offer, increasing both the duration and proportion of unsecured debt in our capital structure. For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Kay Rolland at [email protected]