CDB Aviation signs the first lease agreement for two A330-300 P2F aircraft with the Mexican MasAir

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DUBLIN – (BUSINESS WIRE) – CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), today announced that the company has entered into an agreement with the Mexican company MasAir Cargo Airline (“MasAir” ) for the lease of two Airbus A330-300 Passenger-to-Freighter (“P2F”), marking the lessor’s very first lease transaction with an airline operator for this type of aircraft.

The A330 P2F on long-term lease to its new customer in the Americas represent the top two positions in CDB Aviation’s agreement with Germany-based EFW for the conversion of the aircraft type announced in November 2020. The aircraft are expected to be delivered at MasAir during the first half of 2022.

“We are delighted to welcome MasAir as a new member of our growing customer base in Mexico and the Americas,” commented Peter Goodman, Marketing Director of CDB Aviation, highlighting the lessor’s distinctive provision of a customized fleet solution. which will assist the dedicated freight operator. strategic change aimed at expanding the fleet with larger, medium-sized cargo ships that are more efficient and more efficient.

“With the growing demand for express air freight through a strong e-commerce business, our A330 P2Fs will deliver the desired combination of capacity and operating economy to support MasAir’s expansion plans, equipping their fleet to meet effectively to the needs of e-commerce infrastructure, ”added Goodman.

Luis Sierra, CEO of MasAir, emphasized in his message to stakeholders: “CDB Aviation’s A330-300P2Fs will offer greater capacity and efficiency, marking MasAir’s ongoing process to become a global player in air cargo. By adding these two A330s to the two A330-200s that we agreed to lease last month, we are continuing to grow our fleet with more efficient and longer aircraft. ”

“The medium wide body cargo segment, served today by aging jets, is poised to grow with the need for a new generation of medium wide body cargo ships,” said Patrick Hannigan, CEO of CDB Aviation . “Our decision to enter the A330 P2F conversion market was motivated by the potential of this asset.”

“We are very pleased to have MasAir on board to become the first A330-300 P2F operator in the Americas in 2022,” said Dr Andreas Sperl, CEO of EFW. “The A330 P2F is considered very popular, especially for the express freight market, as it is a large body program with a large capacity offering more cargo volume and a lower cost per tonne than other types of cargo aircraft available with a similar range.

The lessor expects the A330-300 P2F to bring next-generation technology and efficiency to the segment, offering more volumetric space than older freighters in this class. This aircraft can also integrate seamlessly into the fleets of A320, A330 and A350 Family operators, in line with what freight operators and freight forwarders are looking for.

“We are delighted to see MasAir strengthen its position on the A330 freighter by entering the A330-300 P2F. This new addition to their fleet will also allow MasAir to benefit from Airbus’ unique commonality with the proven technologies of the A330 family, such as Fly-by-wire, ”said Arturo Barreira, president of Airbus Latin America.

Hannigan concluded: “As a major lessor of passenger A330s, we are at the forefront of the industry in leveraging the capabilities of this highly efficient aircraft to offer our customers the next generation of medium wide body cargo ships, which will enable them to meet freight demand near term and in the future. ”

Forward-looking statements

This press release contains certain forward-looking statements, beliefs or opinions, particularly with regard to the business, financial condition, results of operations or plans of CDB Aviation. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial conditions 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 solely to historical or current facts. Forward-looking statements sometimes use words such as “may”, “will”, “seek”, “continue”, “aim”, “anticipate”, “target”, “projected”, “expect”, “estimate” , “Intention”, “plan”, “goal”, “believe”, “achieve” or any other terminology or words with similar meaning. These statements are based on the current beliefs and expectations of CDB Aviation management and are subject to significant risks and uncertainties. Actual results and results may differ materially from those expressed in forward-looking statements. Therefore, you should not rely on forward-looking statements as a prediction of actual results and we assume no responsibility for the accuracy or completeness of any such forward-looking statements. Except as required by applicable law, we assume no obligation to update and will not update any forward-looking statements, whether as a result of new information, future events or otherwise.

About MasAir Cargo Airline

Aerotransportes Mas de Carga, SA de CV (dba MasAir Cargo Airline) is a Mexico-based cargo airline, operating cargo aircraft since 1992. Since 2001, MasAir has been an operator of B767-300F. A member of IATA, MasAir holds IOSA, ISAGO, TCO-EASA, CCAR-129 and IATA-CEIV Pharma certifications. Since December 2018, MasAir has been under a new ownership and management structure, with Discovery Americas – one of Mexico’s leading private equity funds – as the majority shareholder. MasAir has a regular and charter network that stretches along the Americas and is now expanding its new ACMI division with additional cargo planes. www.masair.com

About CDB Aviation

CDB Aviation is a wholly-owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), a 36-year-old Chinese leasing company which is primarily backed by the China Development Bank. CDB Aviation is rated Investment Grade by Moody’s (A1), S&P Global (A) and Fitch (A +). The China Development Bank is under the direct jurisdiction of the State Council of China and is the largest development finance institution in the world. It is also China’s largest bank for foreign investment and financial cooperation, long-term lending and bond issuance, with a Chinese sovereign credit rating.

CDB Leasing is the only leasing arm of the Development Bank of China and a leading leasing company in China engaged in the leasing of aircraft, infrastructure, ships, commercial vehicles and construction machinery and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and market its activity – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606). www.CDBAviation.aero



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