Three 737 MAX 8 and Three A320neo Aircraft Will Support Hainan Airlines’ efforts to keep up with South Asian region’s rising air travel demand.
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced on the sidelines of Airline Economics’ Growth Frontiers 2023 Singapore conference the signing of lease agreements for a fleet of three new Boeing 737 MAX 8 and three Airbus A320neo aircraft with its existing Chinese airline customer, Hainan Airlines Co. Ltd (“Hainan Airlines”). The three NEO aircraft will arrive between October and November of next year, while the three MAX aircraft will be delivered to the carrier between August and November of the same year.
Jie Chen, CDB Aviation’s Chief Executive Officer, said, “We are very pleased to be building on our long-standing relationship with Hainan Airlines as they position their airlines to expand into the coming decade, aiming to operate a 1,000-strong fleet by 2029. CDB Aviation is confident that Asia will experience a robust rebound in air travel between now and the end of 2024. We are geared up to meet the demand for aircraft from Chinese and Asian carriers, with ongoing campaigns for both placements and SLBs in the region.”
CDB Aviation’s fleet currently encompasses 385 owned and committed aircraft, and it maintains a vast customer network spanning 37 countries and regions, with 64 lessees. Recognizing that each airline’s fleet requirements are unique and continuously changing, the company stands committed to a customer-centric and relationship-driven approach.
Zhu Tao, President and CEO, Hainan Airlines said, “CDB Aviation has long been an important business partner to Hainan Airlines. The placement of six new generation aircraft demonstrates the confidence and determination of both parties to further our strategic cooperation.”
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CDB Aviation is a full-service lessor, providing a comprehensive range of services to airlines worldwide. From traditional operating leases to fleet renewals and structured financings, its global team of seasoned professionals is equipped to address even the most unique and demanding fleet requirements. With a portfolio featuring highly sought-after aircraft types, CDB Aviation offers innovative and cost-effective leasing solutions that empower their airline partners to achieve their objectives.
