(Beijing, 14 May 2020) Dragon Aviation Leasing (“Dragon”) expanded cooperation with The Export-Import Bank of China (“CEXIM”) and entered into a loan agreement to finance three new aircraft purchases. Dragon delivered the first of these, an Airbus A321NEO, on 12 May, 2020, to IndiGo, India, with the support of this new facility. This aircraft is part of the purchase and leaseback transaction that was announced earlier.
“We are grateful for the trust and confidence shown by CEXIM amid a turbulent financial market due to the COVID-19 pandemic. Collaboration among governments, banks, lessors, OEMs and airlines will be critical for the aviation recovery.” said Gang Li, Dragon’s Chief Executive Officer.