CDB Aviation Delivers 737-800 to New Russian Customer

Fast-Growing Carrier Will Utilize the Aircraft to Enhance Its Expanding Flight Operations

DUBLIN – July 31, 2019 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the placement of a Boeing 737-800 aircraft on a long-term lease to a new customer in Russia, Joint-stock company NordStar Airlines, with airport bases in Krasnoyarsk and Moscow (Domodedovo).

The 737-800 aircraft was delivered to the carrier in Ostrava, Czech Republic on July 30, and is expected to support the carrier’s expanding operations between Russian cities and the neighboring regions within the Russian Federation and foreign countries.

“We look forward to our collaboration with new customer NordStar Airlines in enhancing their fleet to meet the growing demand for air travel in the region,” said CDB Aviation President and Chief Commercial Officer Patrick Hannigan. “With our growing scale and diversified portfolio, we continue to offer airline customers access to the most sought-after aircraft types, providing tailored leasing solutions that effectively address their specific goals.”

“We are very pleased to work with CDB Aviation in adding this aircraft to our fleet, which will improve our overall passenger capacity capabilities in order to meet air travel demand within our network,” commented NordStar Airlines CEO Leonid Mokhov.

Further elaborating on the transaction, Hannigan underscored that CDB Aviation’s “global team has proven market experience and process expertise to swiftly remarket aircraft, transitioning it from one operator to another, addressing even the most unique fleet requirements.”