CDB Aviation Delivers One New 737-800 to Air Changan

17-Nov-2017 Intellasia | BusinessWire | 10:18 PM Print This Post

Lessor Continues to Strengthen Operations and Deliver
Best-in-Class Financing Solutions to Airlines in China and Beyond

SEATTLE–(BUSINESS WIRE)–#AirChangan–CDB Aviation Lease Finance DAC (“CDB Aviation”), a wholly owned Irish
subsidiary of China Development Bank Financial Leasing Co., Limited
(“CDB Leasing”), announced that a domestic Chinese carrier Air Changan
took delivery of its first new Boeing 737-800 aircraft on lease from CDB
Aviation at a handover ceremony on November 16 at Boeing Field in
Seattle.

“We are very pleased to welcome Air Changan as our newest lessee
customer in China and provide the airline with its first new 737-800
aircraft to further expand its fleet and continue enhancing efficiency
of its route network with the aircraft’s optimized operating
performance,” said CDB Aviation President and Chief Executive Officer
Peter Chang.

This is the first time Air Changan took delivery of a new 737-800
aircraft, which will join the Shaanxi Province-based carrier’s
737-800-only fleet and will be operated from Xian Xianyang International
Airport on services to regional destinations.

“It’s a pleasant cooperation with CDB Aviation. The new introduced
aircraft B-1481 is the eighth 737-800 aircraft of Air Changan. Since
launching the first flight on May 9, 2016, Air Changan has got a rapid
development and opened 32 domestic routes, reaching 33 destinations,”
commented Air Changan President Kong Xiangyu. “We will keep introducing
aircraft, enrich our route network, provide more convenience for the
public and make Air Changan the biggest mid-long distance dynamic
culture airline.”

“Boeing 737s are the most popular airplanes in the world and we are
delighted to see lessors like CDB Aviation and carriers like Air Changan
utilize the airplane’s leading reliability, range and efficiency to grow
their business,” said Jeremy Griffin, Boeing Senior Vice President of
Global Leasing Sales.

During the 2017 Paris Air Show, the lessor joined the ranks of the
launch customers for the 737 MAX 10 aircraft, signing a Memorandum of
Understanding with Boeing for ten 737 MAX 10s and forty-two 737 MAX 8s.

“CDB Aviation is bringing an exciting new platform to serve the airline
community—we are committed to building a best-in-class global aviation
financier,” added Chang. “We are thrilled with our progress to date and
look forward to delivering greater value to our airline customers in
China and beyond.”

CDB Aviation’s growing aircraft portfolio comprises 210 aircraft, with
an average age of approximately 4.5 years, placed with 45 customers
across 25 countries. The lessor’s forward order book consists of 201
aircraft committed with both Boeing and Airbus. In addition to the 737NG
and MAX families, the lessor’s order book includes Boeing 787s as well
as the Airbus A320ceo and A320neo families.

About CDB Aviation

CDB Aviation Lease Finance DAC (“CDB Aviation”) is a wholly owned Irish
subsidiary of China Development Bank Financial Leasing Co., Limited
(“CDB Leasing”) a 33-year-old Chinese leasing company that is backed
mainly by the China Development Bank. China Development Bank is under
the direct jurisdiction of the State Council of China and is the world’s
largest development finance institution. It is also the largest Chinese
bank for foreign investment and financing cooperation, long-term lending
and bond issuance, enjoying Chinese sovereign credit rating. www.CDBAviation.AERO

CDB Leasing is the only leasing arm of the China Development Bank and a
leading company in China’s leasing industry that has been engaged in
aircraft, infrastructure, ship, commercial vehicle and construction
machinery leasing and enjoys a Chinese sovereign credit rating. It took
an important step in July 2016 to globalize and marketize its business –
listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606).

Contacts

CDB Aviation Lease Finance DAC
Paul Thibeau, +1-612-594-9844
Paul.THIBEAU@CDBALF.com

 


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