CDB LEASING Divests Four Aircraft

Stock News03-06

CDB LEASING (01606) has announced that on March 6, 2026, several wholly-owned subsidiaries of its fully-owned subsidiary, CDB Aviation Lease Finance DAC (CDBALF), acting as the sellers, entered into a sale and purchase agreement with JSA International U.S. Holdings, LLC, the buyer. Under this agreement, the sellers will divest four B737-8 aircraft by selling the beneficial interests in the trusts established for the aircraft. The Board of Directors confirmed that the company meets the criteria for a qualified aircraft lessor as set out in Listing Rule 14.04(10E). The transaction was conducted by the company through the sellers in the ordinary and usual course of business, on normal commercial terms. The terms of the transaction are fair and reasonable, and are in the interests of the company and its shareholders as a whole.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment