CDB Aviation Delivers First of Two 737-800 Aircraft to New North American Customer Sun Country
Aircraft to Support Further Build-out of Operator’s Nimble Network Structure
MINNEAPOLIS – December 20, 2021 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), today delivered the first of two Boeing 737-800 aircraft to Sun Country, a Minnesota-based, hybrid low-cost airline.
“We’re delighted to have partnered with our colleagues at Sun Country on executing this transaction for two Boeing aircraft from our portfolio, which will facilitate the further build-out of the carrier’s highly-adaptable network structure,” said Luís da Silva, CDB Aviation’s Head of Commercial, Americas.
The aircraft are configured with 183 seats in a single economy-class layout and will be operated on seasonal, point-to-point routes. The second aircraft’s delivery is anticipated in early 2022.
“We are excited to commence a new and valued partnership with CDB Aviation. These two aircraft are key to meeting our near-term growth plans and reflect Sun Country’s exceptional ability to grow its fleet with strategic partners throughout the world,” said Thomas Frey, Sun Country’s Director of Fleet and Fuel.
Peter Goodman, CDB Aviation’s Chief Marketing Officer, commented: “Sun Country’s unique model and distinct network proved exceptionally advantageous in navigating the pandemic’s headwinds and better positioning the carrier for air travel’s recovery. Our commercial team worked swiftly to provide the airline, which operates in a key focus market for our platform, with immediate access to additional aircraft capacity, supporting their network expansion.”
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 or analogous meaning. These statements are based on the current beliefs and expectations of CDB Aviation’s management and are subject to significant risks and uncertainties. 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 Sun Country
Sun Country Airlines is a new breed of hybrid low-cost air carrier that dynamically deploys shared resources across our synergistic scheduled service, charter and cargo businesses. Based in Minnesota, we focus on serving leisure and visiting friends and relatives (“VFR”) passengers and charter customers and providing CMI service to Amazon, with flights throughout the United States and to destinations in Mexico, Central America, Canada, and the Caribbean. www.suncountry.com
About CDB Aviation
CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”) a 36-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
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