HONG KONG – January 13, 2022 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today the appointment of Michelle Wu as Head of Commercial, Greater China.

“Michelle is a seasoned aviation executive, well versed in anticipating and addressing the critical needs of airlines and leveraging market opportunities to stimulate growth, who will further entrench our comprehensive coverage within the Chinese market,” commented Peter Goodman, CDB Aviation Chief Marketing Officer.

Wu’s more than three decades of experience in aviation finance and aircraft leasing is anchored with her impressive history of transactional execution, deal origination and negotiation, as well as her vast network of connections with Chinese airlines and key aviation stakeholders.

Wu joins CDB Aviation from GECAS, where she spent a more than two-decade career holding various executive roles focused on executing marketing efforts and nurturing key airline relationships in the region. Most recently, she was Senior Vice President Marketing Commercial & Regional Manager China, leading the lease placement, extension, and sale and leaseback of more than 350 new and used aircraft and freighters. Prior to GECAS, Wu was Deputy Director of Leasing Office at Civil Aviation Administration of China (“CAAC”), where she arranged aircraft financings for CAAC affiliate airlines and, in her regulatory capacity, participated in drafting the related aviation laws and regulations in China. Wu holds an undergraduate degree from Nankai University and a postgraduate degree from the University of Limerick.

“I look forward to working alongside my colleagues, tapping into my intricate market knowledge and relationships, to deepen our customer relationships and seek further growth opportunities in China,” commented Michelle Wu, the newly appointed Head of Commercial, Greater China.

Patrick Hannigan, CDB Aviation’s Chief Executive Officer, concluded: “CDB Aviation’s ongoing growth and success in the marketplace will continue to be driven by a priority focus on China and its significance as a critical aviation market. Michelle is a leader of the highest calibre and joins our best-in-class team of leasing and finance leaders who deliver on the strength of our brand as a global, full-service lessor. Our team remains focused on our long-term vision by working with airline customers, our shareholder, and other stakeholders to support the industry recovery while building for the future.”