CDB Aviation Lease Finance DAC, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited, 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, the company said.
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.
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´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.
CDB Aviation Lease Finance DAC 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 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).