CDB Aviation Delivers First of Two New A321-200 Aircraft to Finnair

16-Dec-2017 Intellasia | BusinessWire | 12:59 AM Print This Post

Aircraft to Support the Airline’s Fleet Growth

HAMBURG, Germany–(BUSINESS WIRE)–#A321–CDB Aviation Lease Finance DAC (“CDB Aviation”), a wholly owned Irish
subsidiary of China Development Bank Financial Leasing Co., Limited
(“CDB Leasing”), announced today the delivery of the first of two new
Airbus A321-200 aircraft on long-term lease to the flag carrier and
largest airline of Finland, Finnair (HEX:FIA1S). The aircraft are part
of the carrier’s fleet growth plans and are expected to support the
increase in capacity in feeder traffic to support the previously
announced expansion in long-haul capacity.

“We are very pleased to welcome Finnair to the growing base of CDB
Aviation’s European customers,” said CDB Aviation Chief Commercial
Officer Patrick Hannigan. “We look forward to working with Finnair to
further optimize their fleet and support their ongoing fleet renewal
plans through our long-term partnership.”

Configured with 209 seats, the first aircraft will support the need for
increasing the airline’s route capacity during the winter season
2017/2018, with the second aircraft being planned for delivery to
support the summer season of 2018.

“Finnair is undergoing the fastest growth phase of its history, and the
new A321-200 will support our growing feeder traffic to and from our
Helsinki hub,” said Riku Aho, Vice President of Fleet Management at
Finnair. “Finnair is very pleased to introduce CDB Aviation as our new
lessor partner.”

About Finnair

Finnair flies between Asia, Europe and North America with an emphasis on
fast connections via Helsinki, carrying more than ten million passengers
annually. In 2017, Finnair’s extensive network connects 19 cities in
Asia and 7 cities in North America with over 100 destinations in Europe.
The airline, a pioneer in sustainable flying, was the first European
airline to fly the next-generation, eco-smart Airbus A350 XWB aircraft
and it is the first airline listed in the Leadership Index of the
worldwide Carbon Disclosure Project. The only Nordic carrier with a
4-star Skytrax ranking, Finnair has also won the World Airline Award for
Best Airline Northern Europe for the past seven years running. Finnair
is a member of oneworld, the alliance of the world’s leading airlines
committed to providing the highest level of service and convenience to
frequent international travelers.

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.

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).


CDB Aviation Lease Finance
Paul Thibeau, +1-612-594-9844
[email protected]


Category: BusinessWire, PRAsia

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