(Beijing, 30 June 2020) AerDragon Aviation Partners Limited (“AerDragon”) entered into an agreement to issue junior unsecured promissory notes of up to $100 million to an entity controlled by CNIC Corporation Limited (“CNIC”). AerDragon intends to use the proceeds for general corporate purposes and to fund new business opportunities.

“We are delighted to add CNIC as a strategic partner. The funds provided by the transaction will enable AerDragon to actively participate in new aircraft acquisition opportunities, which in turn will support our airline customers.” said Gang Li, Chief Executive Officer.