CDB Aviation Leases Five A321neo Aircraft to LATAM

Core Viewpoint - CDB Aviation has signed lease agreements for five Airbus A321neo aircraft with LATAM Airlines Group, aimed at enhancing LATAM's fleet strategy and operational flexibility across its hubs, with a focus on environmental stewardship [1] Group 1: Company Overview - CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd., which is a major player in the global leasing market [2] - CDB Aviation is rated Investment Grade by Moody's (A2), S&P Global (A), and Fitch (A+) [2] - The company is engaged in various leasing sectors, including aircraft, infrastructure, and commercial vehicles, and has taken steps to globalize its business since its listing on the Hong Kong Stock Exchange in July 2016 [2] Group 2: Lease Agreement Details - The lease agreement includes five Airbus A321-271NX aircraft, which will be delivered to LATAM in the second quarter of 2026 [1] - This addition will complement an existing A321neo already leased to LATAM from CDB Aviation's orderbook [1] - The strategic growth of South American airlines, including LATAM, is supported by fleet solutions that offer innovative approaches and access to modern aircraft types [1] Group 3: LATAM Airlines Group - LATAM Airlines Group is the leading airline group in Latin America, operating in five domestic markets: Brazil, Chile, Colombia, Ecuador, and Peru, along with international routes [1] - The LATAM group has a diverse fleet that includes various aircraft types, such as Boeing 767, 777, 787, and Airbus A321 family [1] - LATAM's cargo subsidiaries operate within the group's network and have access to passenger aircraft for cargo transportation [1]