SINGAPORE – February 12, 2019 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced on the sidelines of Singapore Air Show the signing of a lease agreement for a pair of Embraer E190 aircraft with Myanmar Airways International (“MAI”).
The Embraer jet duo will join the carrier’s all-Airbus fleet this summer. The E190s are anticipated to debut on flights within the Myanmar domestic market and some key international routes starting as early as August 2020, supplementing operations by sister carrier Air KBZ on domestic and regional routes, according to the airline. MAI currently operates scheduled service to destinations in South East Asia from its main base at Yangon International Airport and Mandalay International Airport.
“We are delighted to be handing over the two E190s to our newest APAC customer MAI, marking the introduction of first-generation Embraer jets on the carrier’s expanding route network,” remarked Peter Goodman, CDB Aviation Chief Marketing Officer. “This jet duo will fit well within MAI’s expanding operations, facilitating their planned development of Myanmar’s market.”
Kyaw Han, Chief Operating Officer of MAI, commented: “We are thrilled to operate the E190s, which will ensure MAI remains at the forefront of the aviation industry in Myanmar, with a modern fleet. The new aircraft also will enable the airline to offer better comfort in terms of jet product offering and higher capacity in response to ongoing strong demand across its domestic and regional network.”
“This transaction adds to our team’s track record in placing the majority of our E190s coming off lease over the past year,” emphasized Patrick Hannigan, CDB Aviation Chief Executive Officer, adding that “our commercial team’s ongoing success is attributable to deep airline relationships across our vast network and our ability to comprehensively meet the airlines’ fleet requirements.“