Hunnu Air and CDB Aviation Celebrate Delivery of E-190
Ulaanbaatar, Mongolia – May 29, 2019 – Hunnu Air and CDB Aviation celebrated the delivery of an Embraer E-190 aircraft, which will support the carrier’s domestic and regional operations, and is part of a fleet of four E-190s leased from the lessor based on an agreement announced in February 2019.
Sign Kadouh, CDB Aviation’s Head of Commercial, Asia Pacific, joined by representatives of the CDB Aviation team, congratulated Hunnu Air CEO Munkhjargal Purevjal and COO Dugar Batpurev on the delivery during a handover ceremony held in Ulaanbaatar, Mongolia.
“We’re very pleased to be of support to Hunnu Air as it endeavors to spread its wings while catering to the evolving needs of its customers in the growing Mongolian domestic market and the country’s rapidly transforming travel industry. We look forward to our ongoing collaboration and advancing Hunnu Air’s great vision,” noted Kadouh.
About Hunnu Air
Hunnu Air is a privately-owned Mongolian airline that performs more than seventy percent of the overall domestic scheduled services from its Ulaanbaatar hub, also supplies charter flights to Mongolian mining sites, including Oyu Tolgoi. The company also conducts international scheduled and charter services to the neighboring countries, such as Russia and China. www.hunnuair.com
About CDB Aviation
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 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
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