Chorus Aviation Reports First-Quarter 2025 Financial Results

flydubai Signs MoU for Up to 150 Airbus A321neo Aircraft, Ending Boeing Exclusivity flydubai has taken a significant step in reshaping its fleet strategy by signing a Memorandum of Understanding (MoU) with Airbus to acquire up to 150 A321neo aircraft. Announced at the Dubai Airshow on November 18, this agreement marks the end of the airline’s exclusive reliance on Boeing aircraft and signals a strategic shift in its approach to fleet management. Transition from Boeing to a Dual-Manufacturer Fleet Historically, flydubai’s fleet has been composed entirely of Boeing narrowbody jets. The Dubai-based carrier currently operates 96 Boeing 737 family aircraft, including 67 737 MAX 8s and three 737 MAX 9s. Introducing Airbus A321neos into the fleet represents both an opportunity and a challenge. The integration of a new aircraft type will necessitate extensive logistical adjustments, including pilot training and maintenance infrastructure. Financially, moving from a single-manufacturer fleet to a mixed one may involve increased costs and could impact flydubai’s longstanding relationship with Boeing. Despite this landmark agreement, industry sources indicate that flydubai may continue to place orders for Boeing 737s, suggesting a dual-manufacturer strategy going forward. This diversification is expected to enhance the airline’s operational flexibility and resilience, although it will also add complexity to its fleet management and operational processes. Implications for the Middle Eastern Aviation Market The decision to incorporate Airbus aircraft into flydubai’s fleet is being closely monitored by market analysts, as it may influence the airline’s growth trajectory and competitive positioning within the Middle Eastern aviation sector. Competitors in the region may be prompted to reevaluate their own fleet strategies and manufacturer partnerships in response to this development. His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and CEO of flydubai, described the agreement as a landmark moment for the airline. Christian Scherer, CEO Commercial Aircraft at Airbus, welcomed flydubai as a new customer and highlighted the global success of the A321neo, which has amassed over 7,200 orders as of October. Neither flydubai nor Airbus have disclosed specific delivery timelines, which will be determined upon final contract completion. This MoU represents one of the latest major commitments for the A321neo and underscores the evolving dynamics of the commercial aviation market in the region.

Airbus Secures New Orders from Etihad and flydubai at Dubai Airshow 2025 Etihad Airways Advances Widebody Fleet Modernization At the Dubai Airshow 2025, Airbus secured significant new orders from Etihad Airways and flydubai, highlighting the increasing demand for fuel-efficient, long-range aircraft in the Middle East. Etihad Airways confirmed firm orders for six A330-900s, seven A350-1000s, and three A350F freighters, reinforcing its commitment to renewing its long-haul fleet based at Abu Dhabi International Airport. The agreement also includes nine A330-900s on lease from Avolon, enhancing Etihad’s medium-haul, long-haul, and cargo capabilities. With these additions, Etihad’s total commitment to the A350-1000 rises to 27 aircraft, while its A350F freighter orders reach a total of 10. Airbus executives emphasized the strategic alignment of the A330neo and A350 families with Etihad’s operational goals, citing their superior fuel efficiency, reduced carbon emissions, and extended range. The A350-1000 can operate up to 9,700 nautical miles, while the A330neo offers a range of up to 8,100 nautical miles. Both aircraft benefit from advanced aerodynamics and lightweight materials. Etihad is also actively exploring sustainable aviation fuel (SAF) options, with current aircraft capable of operating on up to 50% SAF—a proportion Airbus aims to increase to 100% by 2030. Technical Innovations and Environmental Compliance The A350F freighter features the industry’s largest main deck cargo door and is engineered for maximum freight efficiency. It is fully compliant with the International Civil Aviation Organization’s (ICAO) enhanced CO2 emissions regulations scheduled for 2027. The A330neo, powered by Rolls-Royce Trent 7000 engines, incorporates the Airspace cabin, which improves passenger comfort while delivering up to 25% lower fuel burn compared to previous models. flydubai’s Strategic Shift and Connectivity Partnership In a notable strategic development, flydubai placed its first-ever Airbus order, selecting 150 A321neo aircraft to support its expansion at Dubai International Airport. This marks a departure from its previous all-Boeing fleet, positioning the airline for broader regional growth with high-capacity, extended-range narrowbody aircraft. In addition to the aircraft order, flydubai signed an agreement with SpaceX to equip its Boeing 737 fleet with Starlink’s high-speed, low-latency internet service. The airline plans to install Starlink connectivity across 100 aircraft in 2026, enhancing the passenger experience with streaming, video calls, and real-time digital services on more than 100 routes. flydubai regards onboard connectivity as a central element of its customer strategy, with Starlink’s rapid installation process facilitating a swift rollout. Market Implications and Industry Challenges These substantial orders are anticipated to provide a short-term boost to Airbus’s stock, reflecting positive market sentiment. However, Airbus faces the challenge of scaling up production and meeting delivery schedules amid intensifying competition. Boeing is expected to respond with increased marketing efforts and competitive pricing to counter Airbus’s momentum and emphasize its own technological advancements. Geopolitical tensions and potential delivery delays may further impact the aviation sector, influencing both Airbus and its competitors as airlines worldwide seek to modernize their fleets for greater efficiency and sustainability. As of October 2025, the Airbus A350 family has amassed over 1,400 orders from 64 customers, while the A330 family has surpassed 1,900 orders from more than 130 operators globally, underscoring the ongoing industry shift toward next-generation widebody aircraft.

Flydubai Orders 150 Airbus A321neo Jets, Ending Boeing-Only Fleet Flydubai has announced a landmark agreement to acquire 150 Airbus A321neo single-aisle aircraft, marking a significant departure from its longstanding Boeing-only fleet strategy. This order, revealed on the second day of the Dubai Airshow, represents the airline’s first-ever purchase from Airbus and underscores its ambition to diversify its fleet in support of long-term expansion plans. Strategic Shift and Fleet Diversification Sheikh Ahmed bin Saeed, chairman and chief executive of Emirates and chairman of Flydubai, confirmed the order during a press conference, emphasizing that the acquisition would enable the airline to diversify its fleet and reinforce its growth trajectory. Until now, Flydubai has operated exclusively with Boeing aircraft, maintaining a fleet of 95 Boeing 737s, including 27 Next-Generation 737-800s, 65 737 Max 8s, and three 737 Max 9s, serving over 135 destinations worldwide. Persistent delays in Boeing 737 Max deliveries have constrained Flydubai’s expansion, prompting the airline to explore alternatives beyond its traditional supplier. The introduction of the Airbus A321neo will require Flydubai to navigate new operational complexities, including adjustments in maintenance protocols and additional training for pilots and crew. This transition to a mixed fleet is expected to enhance operational flexibility and resilience, although it also presents logistical and integration challenges. Market Implications and Competitive Dynamics Industry analysts suggest that Flydubai’s decision could intensify competition between Airbus and Boeing in the Middle East, a region where Boeing has historically maintained a dominant presence. The sizeable Airbus order may compel Boeing to reassess its regional strategies, potentially leading to more competitive pricing or improved service offerings to safeguard its market share. Furthermore, this move could influence other carriers in the region to consider fleet diversification, potentially altering broader aerospace market dynamics. Evolving Service Offerings and Future Prospects Flydubai has been progressively investing in premium products and services, evolving beyond its original low-cost carrier model. Notably, it was the first airline globally to introduce business-class suites on single-aisle Boeing aircraft, featuring direct aisle access, increased personal space, large entertainment screens compatible with Bluetooth headphones, and suite doors for enhanced privacy. These upgrades, available on select aircraft since November, reflect the airline’s commitment to elevating passenger comfort and attracting a wider customer base. This Airbus order follows Flydubai’s recent surprise acquisition of 30 Boeing 787 Dreamliner wide-body jets, valued at $11 billion, also announced at the 2023 Dubai Airshow. Together, these developments signal the airline’s rapid evolution and ambitious growth strategy. As Flydubai prepares to integrate the Airbus A321neo into its operations, it stands poised to reshape its fleet composition and potentially influence the competitive landscape of the Middle East aviation market.

AMMROC and Lockheed Martin Strengthen MRO Partnership with New Letter of Intent Dubai, UAE – The Advanced Military Maintenance, Repair and Overhaul Center (AMMROC) and Lockheed Martin have formalized their ongoing collaboration by signing a Letter of Intent at the Dubai Airshow 2025. This agreement reaffirms their commitment to advancing maintenance, repair, and overhaul (MRO) capabilities within the United Arab Emirates and the broader Middle East and North Africa (MENA) region. Expanding Regional Maintenance and Support Capabilities The new agreement seeks to deepen cooperation in MRO services for key customers, with a particular focus on expanding in-country capabilities and enhancing technical expertise. Both organizations intend to explore additional areas of collaboration to meet evolving operational requirements, thereby supporting growth in the aerospace and defense sectors across the region. Jasem Al Marzooqi, CEO of AMMROC, emphasized the strategic importance of the partnership, stating, “Our partnership with Lockheed Martin reflects a shared vision for excellence and innovation in defense aviation. This new step builds on a successful history of collaboration across critical aircraft platforms and reinforces our collective goal to enhance MRO capabilities that support operational readiness for customers in the UAE and the region.” Gen. John “Mick” Nicholson (U.S. Army, Ret.), Chief Executive for Lockheed Martin Middle East, highlighted the longstanding trust underpinning the relationship. “This agreement reinforces the longstanding trust between AMMROC and Lockheed Martin. Our relationship has been built on years of close collaboration and technical excellence. It is also an extension of our 50-year partnership with the United Arab Emirates and our shared commitment to strengthening in-country capabilities that enhance readiness and create opportunities for specialized talent,” he said. Building on a Strong Foundation Amid Industry Challenges The partnership builds upon a robust foundation of achievements, including AMMROC’s recent authorization by Sikorsky, a Lockheed Martin company, as a Depot Maintenance, Repair, and Overhaul Center for Black Hawk UH-60 helicopter Main Rotor and Tail Rotor Blades outside the United States. AMMROC is also the region’s sole authorized Lockheed Martin C-130 Service Center, providing comprehensive Black Hawk airframe and component services. While the collaboration is expected to bolster investor confidence and reinforce Lockheed Martin’s market position—reflected in the company’s upwardly revised forecasts for 2025—both organizations face challenges. These include managing complex supply chain logistics, ensuring seamless integration of regional support systems, and navigating regulatory requirements. Industry analysts note that competitors may respond by enhancing their own MRO capabilities or forming similar alliances to maintain competitiveness in a rapidly evolving market. Founded in 2010 and headquartered in Al Ain, Abu Dhabi, AMMROC operates one of the largest MRO hangar facilities in the region, featuring a state-of-the-art widebody paint hangar. The company is recognized for delivering innovative, world-class aviation maintenance solutions. For further information, visit www.ammroc.ae.

Emirates Sparks Renewed Competition Between Airbus and Boeing for Larger Jets Emirates, the flagship carrier of Dubai, has reignited competition between Airbus and Boeing as both manufacturers explore the development of larger next-generation widebody aircraft. This strategic move by Emirates aims to secure a high-capacity successor to its iconic Airbus A380 fleet, following the cessation of the A380’s production in 2021. Boeing’s 777-10 Feasibility Study and Emirates’ Role Boeing recently initiated a feasibility study for the proposed 777-10, an extended variant of its twin-engine 777X family designed to accommodate up to 470 passengers. Emirates, having placed a substantial order for 65 additional Boeing 777Xs, has expressed support for the study and indicated a willingness to convert part of its existing order to the 777-10, contingent on the study’s findings, or alternatively to the smaller 777-8 model. Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates Airline and Group, emphasized the airline’s openness to larger-capacity aircraft, highlighting their operational efficiency amid anticipated air traffic growth and increasing airport constraints. This stance has intensified the rivalry between Boeing and Airbus, prompting Boeing to extend its 777X program and consider the 777-10 variant more seriously. Emirates’ significant order has also bolstered Boeing’s market prospects, potentially enhancing the manufacturer’s stock performance due to renewed momentum in the high-capacity aircraft segment. Airbus’ Response and Market Dynamics In response, Airbus is contemplating a stretched version of its A350 family, reviving discussions about a possible A350-2000 variant. Airbus chief executive Christian Scherer confirmed that several airlines have encouraged the company to pursue a larger model, describing it as a potentially formidable solution to meet growing demand. This development underscores Airbus’ intent to remain competitive in the high-capacity market. The competitive landscape is further complicated by evolving market dynamics. While Emirates focuses on high-capacity, long-haul jets, Airbus may find opportunities within the budget carrier segment, with reports indicating a potential major order from flydubai. This prospective deal illustrates the divergent strategies of both manufacturers as they seek dominance across different market niches. Challenges and Industry Perspectives Despite the renewed interest in larger aircraft, both Airbus and Boeing confront a persistent challenge: limited global demand for very large jets. The retirement of the A380 highlighted the difficulty of sustaining a viable business model based on a small number of high-density operators. John Grant, partner at Midas Aviation, noted the challenge lies in distinguishing genuine demand from a handful of large airlines versus the need for a substantial order book comprising hundreds of confirmed orders. Industry experts suggest that while the next generation of high-capacity twinjets may not replicate the A380’s iconic status or premium cabin space, they could offer considerable value to Gulf carriers. Linus Bauer, founder of Bauer Aviation Advisory, described these aircraft as valuable “high-capacity workhorses” rather than flagship icons, emphasizing their flexibility and fuel efficiency on major long-haul routes. As Emirates’ ambitions continue to reshape the market, both Airbus and Boeing face mounting pressure to deliver the next generation of high-capacity jets. They must balance airline demands, market realities, and the evolving economics of global air travel in this increasingly competitive arena.

Inside Airbus’s Global Defense and Aviation Technology Hub Daejeon City is emerging as a significant global center for aerospace innovation with the inauguration of Airbus’s newest technology hub. This facility marks Airbus’s fourth such establishment worldwide, following existing hubs in Singapore, the Netherlands, and Japan. On the 18th, the city government formalized a business agreement with Airbus at Hotel Onoma, aiming to deepen collaboration in research and development (R&D) and to cultivate an advanced technology ecosystem. Strategic Focus and Collaborative Potential The Airbus Tech Hub in Daejeon is set to become a vital research platform concentrating on future aircraft technologies, advanced communication systems, and energy solutions. It is designed to foster joint research initiatives and technological innovation by leveraging Daejeon’s strong industry-academic network, which includes prominent institutions such as KAIST and ETRI. The city’s established commitment to high-tech sectors—including defense, aerospace, semiconductors, quantum technology, and robotics—aligns closely with Airbus’s strategic objectives. Airbus’s selection of Daejeon followed a series of high-level engagements, including discussions at the 2024 Singapore Air Show and subsequent visits by Airbus executives to the city. These interactions underscored Daejeon’s robust scientific infrastructure and its ambition to become a global innovation hub. The agreement represents the culmination of sustained dialogue and detailed negotiations between the two parties. The hub is expected to facilitate practical technological exchanges and synergies by connecting universities, research institutes, and innovative companies within Daejeon’s designated R&D zone. City officials anticipate that the facility will elevate Daejeon’s profile in the global aerospace and defense sectors while promoting international cooperation between Korean and global high-tech enterprises. Plans are underway to establish an open innovation ecosystem centered on the hub, encouraging collaboration in emerging fields such as future mobility, green energy, quantum computing, and artificial intelligence. Context Within a Competitive Global Landscape The launch of the Daejeon hub occurs amid intensifying global competition in aerospace and defense. Airbus, alongside European partners Thales and Leonardo, recently announced plans to consolidate their satellite manufacturing operations by 2027, creating a new European space entity aimed at countering growing international competition. This strategic consolidation reflects broader industry trends, with market analysts anticipating increased scrutiny and pressure on Airbus to maintain its market position. Competitors are expected to respond with their own alliances and investments in advanced technologies, heightening the stakes in the global race for aerospace leadership. Choi Sung-ah, head of Daejeon City’s political affairs, economy, and science department, highlighted the importance of the partnership, stating, “The establishment of the Airbus Tech Hub will be a turning point for Daejeon to grow into a global hub for national R&D. We will provide various support to local companies to participate in international joint research with Airbus and strengthen their competitiveness in the global market.” With the Airbus Tech Hub, Daejeon is positioned to accelerate its transformation into a leading center for aerospace and high-tech innovation, even as the global environment becomes increasingly competitive.

AerCap Leases Boeing 737 MAX and 737NG Aircraft to FlySafair Strategic Fleet Modernization Partnership AerCap Holdings N.V. (NYSE: AER) has entered into lease agreements with South African low-cost carrier FlySafair for three Boeing 737 MAX 8 aircraft and two Boeing 737-800NG aircraft. Announced at the Dubai Airshow 2025, the deal marks a significant milestone in FlySafair’s ongoing efforts to modernize its fleet. Deliveries of the 737 MAX 8s are scheduled to commence in the first quarter of 2028, while the 737-800NGs are expected to arrive starting in the third quarter of 2026. Peter Anderson, AerCap’s Chief Commercial Officer, expressed enthusiasm about the partnership, emphasizing the company’s commitment to supporting FlySafair’s expansion plans. He acknowledged the airline’s growing network and the increasing demand for air travel that the new aircraft will help accommodate. Kirby Gordon, FlySafair’s Chief Marketing Officer, underscored the importance of the collaboration, highlighting the introduction of the Boeing 737 MAX as a key investment in operational efficiency, sustainability, and enhanced passenger experience. Industry Context and Implications The addition of the Boeing 737 MAX aircraft is anticipated to improve FlySafair’s operational efficiency and bolster its capacity amid rising passenger demand. Anbessie Yitbarek, Vice President Sales and Marketing for Africa at Boeing Commercial Airplanes, noted that FlySafair will join over 80 airlines worldwide operating the 737 MAX, praising AerCap’s role in facilitating the agreement. This transaction aligns with a broader industry trend toward fleet renewal and expansion. The U.S. Federal Aviation Administration (FAA) recently approved an increase in Boeing 737 MAX production to 42 units per month, reflecting sustained confidence in the aircraft’s safety and regulatory compliance. Both AerCap and FlySafair have emphasized their commitment to meeting stringent safety standards as part of the lease arrangement. The deal also signals intensifying competition among aircraft lessors and airlines seeking access to next-generation, fuel-efficient aircraft. Other African carriers, including Ethiopian Airlines, are similarly expanding their Boeing MAX fleets and exploring additional widebody acquisitions, illustrating a regional shift toward modernizing air travel capabilities. Company Profiles and Regional Impact AerCap, headquartered in Dublin and publicly traded on the New York Stock Exchange, is a global leader in aviation leasing, serving approximately 300 customers worldwide. FlySafair, recognized as Southern Africa’s leading low-cost carrier, operates domestic flights across ten airports and maintains five international routes. The airline was recently named the top on-time low-cost carrier in Africa and the Middle East by Cirium for 2024. As airlines across Africa and beyond continue to modernize their fleets to meet evolving market demands, partnerships such as that between AerCap and FlySafair are poised to play a crucial role in shaping the future landscape of regional and international air travel.

Abu Dhabi’s Sanad Capitalizes on Global Aircraft Engine Shortage Surge in Demand Amid Industry-Wide Supply Constraints Abu Dhabi-based aerospace engineering firm Sanad Aerotech is leveraging a global shortage of aircraft engines to expand its market presence and service offerings. The company has reported a significant increase in its order backlog and is rapidly broadening its capabilities as airlines worldwide face mounting challenges in securing maintenance capacity and spare engines. Since the onset of the COVID-19 pandemic, leading engine manufacturers such as Pratt & Whitney and CFM International have struggled with persistent parts shortages and manufacturing delays. These disruptions have grounded numerous aircraft and compelled airlines to increasingly depend on third-party maintenance, repair, and overhaul (MRO) providers like Sanad. The resulting supply-chain bottlenecks have altered market dynamics, with some spare engines now commanding prices exceeding those of the aircraft they power. Strategic Growth and Expanding Capabilities Sanad’s CEO, Mansoor Janahi, described the shortage as an opportunity rather than a setback, highlighting the addition of 16 new airline customers in the current year alone. Supported by Abu Dhabi’s $330 billion sovereign wealth fund Mubadala, Sanad’s backlog has surged by 5 billion dirhams ($1.36 billion) to exceed 38 billion dirhams ($10.35 billion) as of June, driven by sustained demand from airlines navigating ongoing supply constraints. The company currently services a diverse portfolio of engines, including the Rolls-Royce Trent 700, IAE’s V2500, General Electric’s GEnx, and CFM International’s LEAP-1A and LEAP-1B models, which power widely used aircraft such as the Airbus A320neo and Boeing 737 MAX. Looking ahead, Sanad plans to enhance its capabilities with a new, purpose-built facility in Al Ain designed to handle Pratt & Whitney’s GTF1100, GTF1500, and GTF1900 engines. Industry Implications and Competitive Landscape The global engine shortage has also reshaped the competitive environment within the aerospace sector. GE Aerospace recently raised its profit forecast for 2025, citing strong aftermarket demand as airlines prioritize maintenance amid a scarcity of new aircraft. Meanwhile, other industry players are experiencing varied outcomes: Embraer has reported improvements in Pratt & Whitney engine performance, mitigating risks of engine-related disruptions, whereas Spirit AeroSystems continues to face challenges with high production costs and a substantial third-quarter loss. These developments underscore Sanad’s strategic positioning. As airlines and manufacturers grapple with supply chain difficulties and escalating production expenses, Sanad’s capacity to deliver critical MRO services places it advantageously within a market increasingly focused on maintenance and aftermarket support. ($1 = 3.6729 UAE dirham)

Collins Aerospace and Emirates Renew A380 Landing Gear Maintenance Partnership Dubai, UAE (Nov. 18, 2025) – Collins Aerospace, a subsidiary of RTX (NYSE: RTX), and Emirates, the world’s largest international airline by revenue passenger kilometers, have announced the extension of their long-standing agreement for maintenance, repair, and overhaul (MRO) services on the main landing gears of Emirates’ Airbus A380 fleet. The renewed contract introduces an enhanced support program aimed at increasing the availability of overhaul services, thereby ensuring uninterrupted operations as Emirates continues to invest in its flagship aircraft. Expanded Maintenance Capabilities and Training Under the terms of the updated agreement, Collins Aerospace will leverage its MRO facilities located in the UAE and Miami to conduct scheduled overhaul work on Emirates’ A380 landing gear. Additionally, the company will provide specialized training to Emirates’ maintenance personnel, enabling them to perform on-site maintenance at Emirates Engineering’s Dubai facility. This strategy is designed to grant Emirates greater operational autonomy and scheduling flexibility, supporting the airline’s objective to meet rigorous operational demands and optimize aircraft availability. Matt Maurer, vice president and general manager of Landing Systems at Collins Aerospace, emphasized the significance of the partnership, stating, “As we extend our MRO collaboration, we’re empowering Emirates with the tools and flexibility needed to exceed operational expectations and enhance fleet readiness.” Strategic Timing Amid Fleet Expansion and Upgrades The extension of this partnership coincides with a critical phase for Emirates, which plans to expand its operational A380 fleet to 110 aircraft by the end of 2026. Concurrently, the airline is implementing a comprehensive US $5 billion retrofit program that includes redesigned interiors and the introduction of complimentary Starlink Wi-Fi across both its A380 and Boeing 777 fleets. These enhancements aim to elevate the onboard experience and maintain product consistency across Emirates’ widebody aircraft. While the agreement reinforces Emirates’ long-term commitment to the A380, it also underscores ongoing challenges within the aviation sector. Supply chain disruptions remain a concern, prompting Emirates to pursue supplemental type certification to manufacture its own aircraft parts. This initiative is expected to further secure the airline’s maintenance operations and may bolster market confidence in its strategic approach. The move could also prompt competitors to reassess their maintenance agreements or adopt similar measures to protect their supply chains. Collins Aerospace’s Role in Aviation Safety and Reliability With decades of expertise in landing gear solutions, Collins Aerospace supports many of the world’s leading commercial aircraft, including the Airbus A380. The company’s dedication to innovation and customer service remains central to advancing aviation safety and operational reliability. --- **About Collins Aerospace** Collins Aerospace, an RTX business, is a global leader in integrated and intelligent aerospace and defense solutions. Employing 80,000 people worldwide, the company delivers technologies that promote sustainable and connected aviation, enhance passenger safety, and ensure mission success. **About RTX** RTX is the world’s largest aerospace and defense company, with a workforce exceeding 185,000 employees globally. Through its businesses—Collins Aerospace, Pratt & Whitney, and Raytheon—RTX drives innovation in aviation, defense systems, and next-generation technologies. The company reported sales surpassing $80 billion in 2024 and is headquartered in Arlington, Virginia. **About Emirates** Emirates operates the world’s largest fleets of Boeing 777 and Airbus A380 aircraft, connecting travelers to over 150 destinations from its Dubai hub. Known for its service excellence, the airline’s multinational cabin crew delivers award-winning hospitality. Emirates’ ongoing investments in fleet modernization and passenger experience reinforce its position as a leader in global aviation.

CDB Aviation Leases Four A320neo Aircraft to Marabu Airlines Strategic Fleet Expansion for Marabu Airlines DUBAI – November 18, 2025 – CDB Aviation, the Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), has finalized lease agreements for four Airbus A320neo aircraft with Estonia-based leisure carrier Marabu Airlines. The announcement, made during the Dubai Air Show 2025, marks Marabu as a new airline customer for CDB Aviation within the Europe, Middle East, and Africa (EMEA) region. Marabu Airlines, headquartered in Tallinn, has become a notable presence in the German leisure travel market, operating from key bases in Hamburg, Leipzig, and Nuremberg. The airline serves a variety of popular seasonal and leisure destinations across Europe, North Africa, and the Mediterranean, catering to a growing demand for holiday travel. Jie Chen, Chief Executive Officer of CDB Aviation, emphasized the significance of the deal, stating that the modern, fuel-efficient A320neos will support Marabu’s fleet expansion and enable the airline to meet increasing travel demand while strengthening its long-term operational capabilities. The four aircraft, each configured with 180 seats, are expected to play a central role in Marabu’s growth strategy and expanding route network. Axel Schefe, CEO of Marabu Airlines, highlighted the impact of the new aircraft on the airline’s operations. With the addition of these A320neos, Marabu’s fleet will increase to 12 aircraft, enhancing both capacity and flexibility. Schefe noted that the new planes will improve operational efficiency and help maintain a consistently high standard of travel experience across the airline’s routes. He also underscored the importance of CDB Aviation’s partnership in supporting Marabu’s long-term vision of providing reliable and comfortable journeys for its customers. Challenges and Market Context Despite the positive outlook, CDB Aviation faces several challenges in integrating the new A320neo aircraft into Marabu’s existing fleet. Ensuring compliance with regulatory standards and managing potential maintenance and operational costs will be critical as the aircraft enter service. Furthermore, the agreement occurs amid intensified competition among lessors for A320neo aircraft, a dynamic that may exert downward pressure on lease rates. Industry analysts suggest that rival leasing companies could respond by offering more competitive terms to airlines seeking to expand their A320neo fleets. CDB Aviation has also issued a cautionary note regarding forward-looking statements about its business and future performance, acknowledging that actual results may vary significantly due to market fluctuations and operational uncertainties. The introduction of these four A320neo aircraft is poised to enhance Marabu Airlines’ operational capabilities and support its ongoing expansion within the European leisure travel sector. At the same time, the deal reflects broader trends and competitive pressures shaping the global aircraft leasing market.