Highlights of 2023 Commercial Activity

CDB Aviation is pleased to share highlights of its commercial activity for the year 2023:

• New lease transactions (including order placement, sale-lease-back, portfolio acquisition, remarketing and extension) for a total of 54 aircraft with 24 customers;
• 31 aircraft acquisitions on operating lease, including 17 via direct OEM orders, 5 via sale-lease-backand 9 via portfolio acquisition;
• Signed financing transactions for $4 billion; and
• Addition of 5 new lessees.

As of 31 December 2023, CDB Aviation had a total portfolio of 380 aircraft, consisting of 293 owned aircraft and 87 committed aircraft:

• 290 owned aircraft were held for operating leases and three owned aircraft were under finance leases, covering 66 lessees in 35 countries and regions;
• The net book value of the owned aircraft was $11.7 billion;
• 87 committed aircraft included 79 narrowbody aircraft under its direct OEM orders, including 35 aircraft from Boeing and 44 aircraft from Airbus, as well as a further 5 aircraft under sale-lease-back transactions and 3 aircraft from portfolio acquisition;
• The weighted average age by aircraft value of the owned aircraft held for operating lease was 5.1 years, and the weighted average remaining lease term by aircraft value of the owned aircraft held for operating lease was 7.5 years; and
• The owned aircraft portfolio consisted of 77% narrowbody aircraft, 19% widebody aircraft, and 4% freighters and regional aircraft by aircraft value.

Forward-Looking Statements

This press release contains certain forward-looking statements, beliefs or opinions, including with respect to CDB Aviation’s business, financial condition, results of operations or plans. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as ”may,” “will,” “seek,” “continue,” “aim,” “anticipate,” “target,” “projected,” “expect,” “estimate,” “intend,” “plan,” “goal,” “believe,” “achieve” or other terminology or words of similar meaning. These statements are based on the current beliefs and expectations of CDB Aviation’s management and are subject to significant risks and uncertainties. Actual results and outcomes may differ materially from those expressed in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.

About CDB Aviation

CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”) a 38-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody’s (A2), 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 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). www.CDBAviation.aero

Media contact:
Paul Thibeau
Paul.Thibeau@CDBAviation.aero
+1 612 594 9844