Commercial Aviation
CDB Aviation Leases Boeing 737 MAX Aircraft to Ethiopian Airlines
CDB Aviation partners with Ethiopian Airlines to lease two Boeing 737 MAX 8 jets supporting fleet expansion under Vision 2035 plans.
In a significant move for the African aviation sector, Dublin-based global aircraft lessor CDB Aviation has officially partnered with Ethiopian Airlines, the continent’s largest carrier. The two companies have signed a lease agreement for two new Boeing 737 MAX 8 aircraft, marking a new chapter of collaboration. This deal, announced on November 17, 2025, underscores a broader trend of strategic fleet management as airlines navigate a complex global supply chain while pursuing ambitious growth targets.
The agreement is more than a simple transaction; it represents a strategic alignment. For Ethiopian Airlines, it’s a tactical step in its long-term “Vision 2035” strategy, which aims to dramatically expand its fleet and global network. For CDB Aviation, it serves as a crucial entry point into the burgeoning African market, partnering with its most prominent and profitable airline. The two aircraft, scheduled for delivery in the first half of 2026, will bolster Ethiopian’s fleet with modern, fuel-efficient technology, essential for sustainable growth and operational efficiency.
This lease agreement is a calculated component of Ethiopian Airlines’ aggressive long-term growth plan, known as “Vision 2035.” This comprehensive strategy is designed to cement the airline’s position as a dominant force in global aviation. The core objective is to more than double its operational footprint over the next decade, a goal that requires a substantial and modern fleet. The airline is not just adding planes; it is methodically building capacity to meet projected demand and expand its reach across continents.
The numbers behind “Vision 2035” are formidable. Ethiopian Airlines aims to increase its fleet to 270 aircraft and expand its destination network to 200 cities by 2035, a significant jump from its current 131 routes. To achieve this, the carrier has placed substantial orders directly with manufacturers. These include a 2023 order for 11 Boeing 787 Dreamliners and 20 Boeing 737 MAX aircraft. Furthermore, in March 2024, Ethiopian became the first African customer for the Boeing 777X, agreeing to purchase eight 777-9 jets with an option for 12 more. This blend of direct purchases and strategic leasing allows the airline to maintain its growth momentum, even when faced with manufacturing delivery delays.
Leasing aircraft, such as these two 737 MAX 8s from CDB Aviation, provides critical flexibility. It allows the airline to scale its fleet in a timely manner, bridging gaps left by production schedules and ensuring that its expansion plans remain on track. This approach mitigates risk while providing immediate access to the latest-generation aircraft, which are crucial for reducing fuel consumption and enhancing passenger experience. The 737 MAX, in particular, aligns perfectly with the airline’s focus on efficiency and modernity, supporting both regional and international routes effectively.
“We want to multiply the number of destinations by the end of the year 2035, and for this reason, we must strengthen our fleet with several new aircraft.”, Mesfin Tasew, CEO of Ethiopian Airlines
CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd., is a major force in the global aircraft leasing market. The company has built a reputation for maintaining a diverse and modern portfolio, catering to a wide range of international airlines. This latest agreement with Ethiopian Airlines is a testament to its strategic goal of expanding its global reach into new and promising markets.
The lessor’s recent activity highlights its robust market presence. CDB Aviation has recently signed deals with carriers across the globe, including Loong Air in China for six Airbus A321neos, Volaris in Mexico for five A320neo family aircraft, and Azerbaijan Airlines for two Airbus A320neos. In 2024 alone, the company executed 70 aircraft transactions, covering leases, sales, and acquisitions. Demonstrating strong forward planning, CDB Aviation has already placed 100% of its new aircraft scheduled for delivery in 2025 and 90% of those for 2026, indicating high demand for its assets.
Partnering with Ethiopian Airlines is a landmark achievement for CDB Aviation. It marks a strategic entry into the African continent with the region’s premier carrier. The African aviation market is widely projected to experience a rapid surge in growth, driven by an expanding middle class and increasing demand for both business and leisure travel. This partnership positions CDB Aviation to capitalize on this trend, establishing a strong foothold in a market with immense potential. “The African aviation market is primed for a rapid surge in growth, with a population that increasingly wants to fly, for business and pleasure. With continued investments fueling the growth of its fleet, Ethiopian is well positioned to increase connectivity across the continent, making travel more accessible.”, Jie Chen, CEO of CDB Aviation
The lease of two Boeing 737 MAX 8 aircraft is a strategically sound move for both CDB Aviation and Ethiopian Airlines. For Ethiopian, it is a tactical acquisition that supports its ambitious fleet modernization and expansion goals under “Vision 2035.” It provides the airline with immediate access to modern, fuel-efficient aircraft, helping to manage its growth trajectory amidst potential manufacturing delays. This ensures the carrier can continue to expand its network and enhance its service without losing momentum.
For CDB Aviation, this agreement marks a successful and significant entry into the burgeoning African aviation market. By partnering with the continent’s largest and most profitable airline, CDB Aviation not only diversifies its customer base but also positions itself at the forefront of Africa’s expected air travel boom. The deal highlights broader industry trends, including the increasing reliance on leasing as a flexible fleet management tool and the universal push towards more efficient and sustainable aircraft to meet both economic and environmental goals.
Question: What is the core of the agreement between CDB Aviation and Ethiopian Airlines? Question: Why is this deal significant for Ethiopian Airlines? Question: What does this partnership mean for CDB Aviation? Sources: CDB Aviation Press Release
CDB Aviation and Ethiopian Airlines Forge New Partnership with 737 MAX Lease
Ethiopian Airlines: Fueling an Ambitious “Vision 2035”
CDB Aviation: Expanding a Global Footprint into Africa
A Strategic Partnership for a Growing Market
FAQ
Answer: CDB Aviation will lease two new Boeing 737 MAX 8 aircraft to Ethiopian Airlines. The aircraft are scheduled for delivery in the first half of 2026.
Answer: It is a key part of the airline’s “Vision 2035” long-term strategy to expand its fleet to 270 aircraft and its network to 200 destinations. Leasing helps the airline manage its growth and mitigate the impact of potential aircraft delivery delays from manufacturers.
Answer: It marks CDB Aviation’s strategic entry into the growing African aviation market by partnering with the continent’s largest and most successful carrier.
Photo Credit: Boeing
Aircraft Orders & Deliveries
Qanot Sharq Receives First Airbus A321XLR in Central Asia
Qanot Sharq becomes Central Asia’s first operator of the Airbus A321XLR, expanding long-haul routes to North America and Asia from Tashkent.
This article is based on an official press release from Airbus and Qanot Sharq.
On December 19, 2025, Qanot Sharq, Uzbekistan’s first private airline, officially took delivery of its first Airbus A321XLR (Extra Long Range) aircraft. The delivery, facilitated through a lease agreement with Air Lease Corporation (ALC), marks a historic milestone for aviation in the region, as Qanot Sharq becomes the launch operator of the A321XLR in Central Asia and the Commonwealth of Independent States (CIS).
This aircraft is the first of four confirmed A321XLR units destined for the carrier. According to the official announcement, the airline intends to utilize the aircraft’s extended range to open new long-haul markets that were previously inaccessible to single-aisle jets, including planned services to North America and East Asia.
The newly delivered A321XLR is powered by CFM International LEAP-1A engines and features a two-class layout designed to balance capacity with passenger comfort on longer sectors. The aircraft accommodates a total of 190 passengers.
In addition to the seating configuration, the aircraft is fitted with Airbus’ “Airspace” cabin interior. Key features include customizable LED lighting, lower cabin altitude settings to reduce jet lag, and XL overhead bins that provide 60% more storage capacity compared to previous generation aircraft.
Nosir Abdugafarov, the owner of Qanot Sharq, emphasized the strategic importance of the delivery in a statement regarding the fleet expansion.
“The A321XLR’s exceptional range and efficiency will allow us to offer greater comfort and convenience while maintaining highly competitive operating economics.”
, Nosir Abdugafarov, Owner of Qanot Sharq
The introduction of the A321XLR allows Qanot Sharq to deploy a narrowbody aircraft on routes typically reserved for widebody jets. With a range of up to 4,700 nautical miles (8,700 km), the airline plans to connect Tashkent with destinations in Europe, Asia, and North America.
According to the airline’s strategic roadmap, the new fleet will support route expansion to Sanya (China) and Busan (South Korea). Furthermore, the airline has explicitly outlined plans to serve New York (JFK) via Budapest. While the A321XLR has impressive range, the distance between Tashkent and New York (approximately 5,500 nm) necessitates a technical stop. Budapest will serve as this intermediate point, potentially allowing the airline to tap into passenger demand between Central Europe and the United States, subject to regulatory approvals. AJ Abedin, Senior Vice President of Marketing at Air Lease Corporation, noted the geographical advantages available to the airline.
“Qanot Sharq is uniquely positioned to unlock the full potential of the A321XLR due to its strategic location in Uzbekistan, bridging Europe and Asia.”
, AJ Abedin, SVP Marketing, Air Lease Corporation
The delivery of the A321XLR signals a distinct shift in the competitive landscape of Uzbek aviation. Until now, long-haul flights from Tashkent,specifically to the United States,have been the exclusive domain of the state-owned flag carrier, Uzbekistan Airways, which utilizes Boeing 787 Dreamliners for non-stop service.
By adopting the A321XLR, Qanot Sharq appears to be pursuing a “long-haul low-cost” hybrid model. The A321XLR burns approximately 30% less fuel per seat than previous-generation aircraft, allowing the private carrier to operate long routes with significantly lower trip costs than its state-owned competitor. While the one-stop service via Budapest will result in a longer total travel time compared to Uzbekistan Airways’ direct flights, the lower operating costs could allow Qanot Sharq to offer more competitive fares, appealing to price-sensitive travelers and labor migrants.
Furthermore, the choice of Budapest as a stopover is strategic. If Qanot Sharq secures “Fifth Freedom” rights,which are currently a subject of regulatory negotiation,it could monetize the empty seats on the Budapest-New York sector, effectively competing in the transatlantic market while serving its primary base in Central Asia.
Sources: Airbus Press Release, Air Lease Corporation
Qanot Sharq Becomes First Central Asian Operator of Airbus A321XLR
Aircraft Configuration and Capabilities
Strategic Network Expansion
AirPro News Analysis: The Long-Haul Low-Cost Shift
Sources
Photo Credit: Airbus
Airlines Strategy
Kenya Airways Plans Secondary Hub in Accra with Project Kifaru
Kenya Airways advances plans for a secondary hub at Accra’s Kotoka Airport, leveraging partnerships and regional aircraft to boost intra-African connectivity.
This article summarizes reporting by AFRAA and official statements from Kenya Airways.
Kenya Airways (KQ) is moving forward with strategic plans to establish a secondary operational hub at Kotoka International Airport (ACC) in Accra, Ghana. According to reporting by the African Airlines Association (AFRAA) and recent company statements, this initiative represents a critical pillar of “Project Kifaru,” the airlines‘s three-year recovery and growth roadmap.
The proposed expansion aims to deepen intra-African connectivity by positioning Accra as a pivotal node for West African operations. Rather than launching a wholly-owned subsidiary, a model that requires heavy capital expenditure, Kenya Airways intends to utilize a partnership-driven approach, leveraging existing relationships with regional carriers to feed long-haul networks.
While the Kenyan government formally requested permission for the hub in May 2025, Kenya Airways CEO Allan Kilavuka confirmed in December 2025 that the plan remains under active study. A final decision on the full execution of the project is expected in 2026.
The core of the Accra strategy involves basing aircraft directly in West Africa to serve high-demand regional routes. According to details emerging from the planning phase, Kenya Airways intends to deploy three Embraer E190-E1 aircraft to Kotoka International Airport. These aircraft will facilitate regional connections, feeding passengers into the carrier’s long-haul network and supporting the logistics needs of the region.
This operational shift marks a departure from the traditional “hub-and-spoke” model centered exclusively on Nairobi. By establishing a presence in Ghana, KQ aims to capture traffic in a market currently dominated by competitors such as Ethiopian Airlines (via its ASKY partner in Lomé) and Air Côte d’Ivoire.
A key component of this strategy is the airline’s collaboration with Ghana-based Africa World Airlines (AWA). Kenya Airways signed a codeshare agreement with AWA in May 2022. This partnership allows KQ to connect passengers from its Nairobi-Accra service to AWA’s domestic and regional network, covering destinations like Kumasi, Takoradi, Lagos, and Abuja.
Industry observers note that this “capital-light” model reduces the financial risks associated with starting a new airline from scratch. Instead of competing directly on every thin route, KQ can rely on AWA to provide feed traffic while focusing its own metal on key trunk routes. The push for a West African hub comes as Kenya Airways navigates a complex financial recovery. The airline reported a significant milestone in the 2024 full financial year, posting an operating profit of Ksh 10.5 billion and a net profit of Ksh 5.4 billion, its first profit in 11 years. This resurgence provided the initial confidence to pursue the growth phase of Project Kifaru.
However, the first half of 2025 presented renewed challenges. The airline reported a Ksh 12.2 billion loss for the period, attributed largely to currency volatility and the grounding of its Boeing 787 fleet due to global spare parts shortages. These financial realities underscore the necessity of the proposed low-capital expansion model in Accra.
The strategy focuses on collaboration with existing African carriers rather than creating a new airline from scratch.
, Summary of Kenya Airways’ strategic approach
The viability of the Accra hub relies heavily on the Single African Air Transport Market (SAATM) and “Fifth Freedom” rights, which allow an airline to fly between two foreign countries. West Africa has been a leader in implementing these protocols, making Accra a legally feasible location for a secondary hub.
Furthermore, the African Continental Free Trade Area (AfCFTA) secretariat is headquartered in Accra. Kenya Airways is positioning itself to support the trade bloc by facilitating the movement of people and cargo between East and West Africa. The airline has already introduced Boeing 737-800 freighters to serve key destinations including Lagos, Dakar, Freetown, and Monrovia.
The decision to delay a final “go/no-go” confirmation until 2026 suggests a prudent approach by Kenya Airways management. While the West African market is lucrative, it is also saturated with aggressive competitors like Air Peace and the well-entrenched ASKY/Ethiopian Airlines alliance. By opting for a partnership model with Africa World Airlines rather than a full subsidiary, KQ avoids the “cash burn” trap that led to the collapse of previous pan-African airline ventures. If successful, this could serve as a blueprint for other mid-sized African carriers looking to expand without overleveraging their balance sheets.
What aircraft will be based in Accra? When will the hub become operational? How does this affect the Nairobi hub?
Kenya Airways Advances Plans for Secondary Hub in Accra Under ‘Project Kifaru’
Operational Strategy: The ‘Mini-Hub’ Model
Partnership with Africa World Airlines
Financial Context and ‘Project Kifaru’
Regulatory Landscape and Competition
AirPro News Analysis
Frequently Asked Questions
Current plans indicate that Kenya Airways intends to base three Embraer E190-E1 aircraft at Kotoka International Airport.
While planning is underway and government requests have been filed, a final decision on full execution is not expected until 2026.
Nairobi (Jomo Kenyatta International Airport) remains the primary hub. The Accra facility is designed as a secondary node to improve regional connectivity and feed traffic back into the global network.
Sources
Photo Credit: Embraer – E190
Commercial Aviation
Derazona Helicopters Receives First H160 for Energy Missions in Southeast Asia
Airbus delivers the first H160 to Derazona Helicopters in Indonesia, enhancing offshore oil and gas transport with advanced fuel-efficient technology.
This article is based on an official press release from Airbus Helicopters.
On December 19, 2025, Airbus Helicopters officially delivered the first H160 rotorcraft to Derazona Helicopters (PT. Derazona Air Service) in Jakarta, Indonesia. According to the manufacturer’s announcement, this delivery represents a significant regional milestone, as Derazona becomes the first operator in Southeast Asia to utilize the H160 specifically for energy sector missions, including offshore oil and gas transport.
The handover marks the culmination of a strategic acquisition process that began with an initial order in April 2021. Derazona, a historic Indonesian aviation company established in 1971, intends to deploy the medium-class helicopter for a variety of critical missions, ranging from offshore transport to utility operations and commercial passenger services.
The introduction of the H160 into the Indonesian market signals a shift toward modernizing aging fleets in the archipelago. Derazona Helicopters stated that the aircraft will play a pivotal role in their expansion within the oil and gas sector, a primary economic driver for the region.
In a statement regarding the delivery, Ramadi Widyardiono, Director of Production at Derazona Helicopters, emphasized the operational advantages of the new airframe:
“The arrival of our first H160 marks an exciting chapter for Derazona Helicopters. As the pioneer operator of this aircraft for energy missions in Southeast Asia, we are eager to deploy its unique capabilities to serve our various clients with the highest levels of safety and efficiency. The H160’s proven performance will be key to reinforcing our position as a leader in helicopter services in Southeast Asia.”
Airbus executives echoed this sentiment, highlighting the aircraft’s suitability for the demanding geography of Indonesia. Regis Magnac, Vice President Head of Energy, Leasing and Global Accounts at Airbus Helicopters, noted the importance of this partnership:
“We are proud to see the H160 enter service in Southeast Asia, cementing our relationship with Derazona as they become the region’s launch customer for energy missions. The H160 represents a true generational leap, built to be an efficient, reliable, and comfortable workhorse, perfectly suited for the demanding operational requirements of the Indonesian energy sector.”
According to technical data provided by Airbus, the H160 is designed to replace previous-generation medium helicopters such as the AS365 Dauphin and H155. The aircraft incorporates several proprietary technologies aimed at improving safety and reducing environmental impact.
Key technical features cited in the release include: Airbus claims the H160 delivers a 15% reduction in fuel burn compared to previous generation engines, aligning with the energy sector’s increasing focus on reducing Scope 1 and 2 emissions in their logistics supply chains.
The delivery of the H160 to Derazona Helicopters reflects a broader trend we are observing across the Asia-Pacific aviation market: the prioritization of “eco-efficient” logistics. As oil and gas majors face stricter carbon reporting requirements, the pressure cascades down to their logistics providers.
By adopting the H160, Derazona is not merely upgrading its fleet age; it is positioning itself competitively to bid for contracts with energy multinationals that now weigh carbon footprint heavily in their tender processes. The move away from legacy airframes like the Bell 412 or Sikorsky S-76 toward next-generation composite aircraft suggests that fuel efficiency is becoming as critical a metric as payload capacity in the offshore sector.
Who is the operator of the new H160? What is the primary use of this aircraft? How does the H160 improve upon older helicopters? When was this specific aircraft ordered? Sources: Airbus Helicopters Press Release
Derazona Helicopters Becomes Southeast Asia’s First H160 Energy Operator
Modernizing Indonesia’s Energy Fleet
Technical Profile: The H160
AirPro News Analysis
Frequently Asked Questions
The operator is PT. Derazona Air Service (Derazona Helicopters), an Indonesian aviation company headquartered at Halim Perdanakusuma Airport, Jakarta.
It will be used primarily for offshore energy transport (supporting oil rigs), as well as utility missions and VIP transport.
The H160 offers a 15% reduction in fuel consumption, significantly lower noise levels due to Blue Edge™ blades, and advanced Helionix® avionics for improved safety.
Derazona originally placed the order for this H160 in April 2021.
Photo Credit: Airbus
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