China Development Bank Financial Leasing’s (CDB Leasing) Irish subsidiary CDB Aviation has taken delivery of a new Airbus A320neo plane.

The A320neo represents the 100th Airbus A320 Family aeroplane and the 125th Airbus aircraft to join the CDB Aviation’s fleet.

It will be operated on lease by India’s low-cost carrier Go Airlines (GoAir) under a purchase and leaseback agreement signed between the companies earlier this year.

GoAir will deploy the aircraft to serve its current network, which connects major business metros and leisure destinations throughout the Indian subcontinent.

“We look forward to supporting India’s aviation market as it continues its climb to a higher level.”

GoAir managing director Jeh Wadia said: “From our firm order of 164 A320s, which comprises 144 A320neo and 20 A320ceo aircraft, we are delighted to have completed the delivery of the 13th A320neo aircraft sale-leaseback programme with CDB Aviation out of the 14 aircraft deal.”

The airline currently operates a mixed fleet of 43 aircraft.

GoAir has also signed a new purchase and leaseback deal with CDB Aviation for a new A320neo aircraft, which is scheduled to be delivered by the end of this year.

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CDB Aviation president and CEO Peter Chang said: “With deep industry expertise and indomitable ability to anticipate the needs of airlines, the CDB Aviation team has a unique ability to devise the right approach with a razor focus on execution and provide the market with an established, full-service platform.

“We look forward to supporting India’s aviation market as it continues its climb to a higher level.”

Earlier this month, CDB Aviation signed an agreement with India-based budget carrier SpiceJet for the long-term lease of three Boeing 737 MAX 8 jets.