Clifford Chance has advised CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited, on a long-term lease of three Airbus A320neo aircraft to Ural Airlines.
The first Airbus A320neo aircraft was delivered to Ural Airlines on August 6, 2019. The aircraft is a part of the lease agreement for a fleet of three A320neos, with the other two jets scheduled to arrive before the end of 2019. The delivery also marks the introduction of the first CFM International LEAP-1А-powered A320neo to be operated in Russia. According to Clifford Chance, "the neo aircraft is expected to support the expansion plans of Ural Airlines’ fleet and will be deployed on its growing flight network, with a planned increase in operations between Moscow’s Domodedovo and Yekaterinburg’s Koltsovo international airports and destinations throughout Europe and to China and the CIS."
The Clifford Chance team was led by Partner Victoria Bortkevicha and included Senior Associate Vadim Turtsev and Associates Dmitry Elkin and Elen Martirosyan.