Three 737 MAX 8 and Three A320neo Aircraft Will Support Airline’s Efforts to Keep Up with Region’s Rising Air Travel Demand

SINGAPORE – November 6, 2023 – 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”).

“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,” said Jie Chen, CDB Aviation’s Chief Executive Officer. “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 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,” stated Zhu Tao, President and CEO, Hainan Airlines.

The three MAX aircraft will be delivered to the carrier between August and November of next year, while the three NEO aircraft will arrive between October and November.