Overview

CDB Aviation provides financing for the sale and leaseback of at least nine 737MAX aircraft to WestJet Airlines Ltd.

Commitment Year•2020Country of Activity•CanadaDirect Recipient Country of Incorporation•CanadaOverseas Jurisdiction•IrelandSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 2, 2020

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned companies

CDB Aviation Leasing

Receiving agencies

Private Sector

WestJet Airlines Ltd.

Loan description

CDB Aviation provides financing for the sale and leaseback of at least nine 737MAX aircraft to WestJet Airlines Ltd.

Interest type•Unknown

Narrative

Full Description

Project narrative

On December 2, 2020, CDB Aviation, China Development Bank's (CDB) wholly-owned aircraft leasing subsidiary, provided the financing for the sale and leaseback of at least nine 737MAX aircraft from WestJet Airlines Ltd. Details of the loan are unknown.

Staff comments

1. One source puts the number of 737MAX aircraft purchased at twelve, however all other sources mention only nine purchased aircraft.