CDB Aviation Lease Finance Delivers New Boeing 737-800 to Shandong Airlines
DUBLIN – February 23, 2017 – CDB Aviation Lease Finance (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the delivery of one new Boeing 737-800 aircraft to Chinese carrier, Shandong Airlines.
The 737-800 is from CDB Aviation’s order book and represents the CDB Aviation’s eleventh aircraft on lease to the Jinan, Shandong-based airline.
About CDB Aviation Lease Finance
CDB Aviation Lease Finance (“CDB Aviation”) is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co LTD (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 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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