China Development Bank Financial Leasing Co., Limited, wholly owned subsidiary CDB Aviation, based in Ireland, has announced it has delivered a Boeing 737-800 aircraft on a long-term lease to NordStar Airlines, a new customer in Russia, the company said.
The 737-800 aircraft was delivered to the carrier in Ostrava, Czech Republic on July 31, and is expected to support the carrier´s expanding operations between Russian cities and the neighboring regions within the Russian Federation and foreign countries.
Joint-stock company NordStar Airlines is a Russian airline belonging to PJSC MMC Norilsk Nickel group of companies. NordStar Airlines ranks among the largest Russian air carriers with passengers turnover exceeding one million people per year.
CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”) a 35-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody´s (A1), S&P Global (A), and Fitch (A+). 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 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.