CDB Aviation Lease Finance Delivers 737-800 to Fuzhou Airlines
SEATTLE – July 12, 2017 – CDB Aviation Lease Finance DAC (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), today announced the delivery of one Boeing 737-800 to Fuzhou Airlines.
“We are delighted to conclude our first deal with Fuzhou Airlines and welcome the airline as our newest lessee customer,” said CDB Aviation President and Chief Executive Officer Peter Chang. “CDB Aviation has ambitious growth plans and looks forward to doing more business with our Chinese airline partners, helping them meet the growing demand for domestic and international air travel.”
“Today we successfully received our 13th 737-800 aircraft which is also the first airplane we take from CDB Aviation,” said Fuzhou Airlines President Xin Ding. “The development of Fuzhou Airlines has been on a considerable rapid track since its establishment two years ago. We will continue to devote to bridge the cross-strait business and culture communications, gradually open international flight routes to Southeast Asia, Europe and America, as well as bring our characteristic ‘Fu’ cultures to the world. In the meantime, we sincerely wish the cooperation between CDB Aviation and Fuzhou Airlines can keep going forward.”
Chang concluded: “CDB Aviation’s growing order book and strong strategic relationships with airline customers, both in China and beyond, are key to the company’s continued success as it seeks to propel itself into becoming a formidable global aviation leasing platform. We are committed to expanding our global footprint, fleet and market presence in order to better serve our customers with both narrowbody and widebody fleet requirements.”
About CDB Aviation Lease Finance
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).
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