Irish firm takes flight: Thai Airways to receive new Airbus airliner from CDB

[webfact]

 

Irish aircraft leasing company CDB Aviation is unleashing the power of two A330-300 aircraft into the hands of Thai Airways.

 

Scheduled for delivery in September and October this year, these A330-300 aircraft boast an impressive long-distance range of 6,350 nautical miles, positioning Thai Airways for unrivalled success, says the company.

 

Jie Chen, the mastermind behind the leasing deal and CEO of CDB Aviation, expressed the pivotal impact this move will have on Thai Airways.

 

“We are delighted to be welcoming Thai Airways to our growing Asian Pacific customer base.”

These widebody wonders are set to fortify Thai Airways’ foothold across key intra-Asian markets, offering the extra capacity required to meet the surging travel demand during high seasons, said Jie.

 

by Puntid Tantivangphaisal

Photo courtesy of Airport Technology

 

Full story: The Thaiger 2024-01-05

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

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[HauptmannUK]

Irish firm?  Yes, they have an office in Dublin (as well as other cities around the globe) but CDB = China Development Bank. 

[stupidfarang]

10 minutes ago, HauptmannUK said:

Irish firm?  Yes, they have an office in Dublin (as well as other cities around the globe) but CDB = China Development Bank. 

Ireland is the leading country for tax benifits for aircraft leasing companies. Their office may only be a post box within a building but can save them a fortune in world wide tax

[stag4]

Hope they use one to restart the Perth to Bangkok route

[cracker1]

2 hours ago, stag4 said:

Hope they use one to restart the Perth to Bangkok route

And Thailand New Zealand direct !

[dundas]

They've been dropping hints about 'new routes' on Australian social media. So maybe Perth and NZ will be back. 

[gedster]

5 hours ago, stag4 said:

Hope they use one to restart the Perth to Bangkok route

I just booked direct flights Perth to Bangkok with Jetstar for September school holidays. Less than $600 return. I think that it is on the new Airbus A321 Neo.

[RubbaJohnny]

21 hours ago, stupidfarang said:

Ireland is the leading country for tax benifits for aircraft leasing companies. Their office may only be a post box within a building but can save them a fortune in world wide tax

CDB Aviation Lease Finance Designated Activity Company (“CDB Aviation”) is investment grade rated by the major global credit rating agencies. S&P Global Ratings assigned its ‘A’ long-term issuer credit rating with outlook stable. Fitch Ratings assigned its long-term Issuer Default Rating (IDR) of ‘A+’ with outlook stable. Moody’s Investors Service assigned its ‘A2’ local currency and foreign currency issuer ratings with outlook stable.

CDB Aviation is a wholly-owned by China Development Bank Financial Leasing Co. Ltd., a 30-plus-year-old leasing company listed on the Hong Kong Stock Exchange (HKEX stock code: 1606). Our parent company is the dedicated leasing arm of China Development Bank and enjoys the Chinese quasi sovereign credit rating (A1 / A / A+), one of the highest international credit ratings among Chinese financial institutions and the highest rating among all aviation lessors.

Under the direct jurisdiction of the State Council of China, China Development Bank is China’s largest policy bank and one of the world’s largest institutions supporting domestic and foreign infrastructure projects. China Development Bank is one of three Chinese policy banks.

[khunjeff]

Prior to reorganization, Thai Airways had many A330s in its fleet, but decided to stop using them. What has changed?

[stupidfarang]

3 hours ago, RubbaJohnny said:

CDB Aviation Lease Finance Designated Activity Company (“CDB Aviation”) is investment grade rated by the major global credit rating agencies. S&P Global Ratings assigned its ‘A’ long-term issuer credit rating with outlook stable. Fitch Ratings assigned its long-term Issuer Default Rating (IDR) of ‘A+’ with outlook stable. Moody’s Investors Service assigned its ‘A2’ local currency and foreign currency issuer ratings with outlook stable.

CDB Aviation is a wholly-owned by China Development Bank Financial Leasing Co. Ltd., a 30-plus-year-old leasing company listed on the Hong Kong Stock Exchange (HKEX stock code: 1606). Our parent company is the dedicated leasing arm of China Development Bank and enjoys the Chinese quasi sovereign credit rating (A1 / A / A+), one of the highest international credit ratings among Chinese financial institutions and the highest rating among all aviation lessors.

Under the direct jurisdiction of the State Council of China, China Development Bank is China’s largest policy bank and one of the world’s largest institutions supporting domestic and foreign infrastructure projects. China Development Bank is one of three Chinese policy banks.

Your point is? A very simple search shows CDB Aviation is incorperated in Ireland. 

[paddypower]

On 1/5/2024 at 3:55 PM, HauptmannUK said:

Irish firm?  Yes, they have an office in Dublin (as well as other cities around the globe) but CDB = China Development Bank. 

Hope they're a Lot safer than the BYD rocketships 😂

[herfiehandbag]

On 1/6/2024 at 7:22 AM, stag4 said:

Hope they use one to restart the Perth to Bangkok route

I wouldn't have thought they would have needed that many seats for Dublin - Bangkok!

 

Still, with a classic Hibernian name like "Jie Chen" he should know! 

[MangoKorat]

Have they run a credit check on Thai Airways?