CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing, (CDB Leasing), executed new lease agreements for six Airbus A321neo aircraft with its Chinese airline customer, Zhejiang Loong Airlines. The Hangzhou-headquartered carrier is expected to take delivery of the aircraft in 2027 from the lessor’s orderbook.
“We are pleased to strengthen our partnership with Loong Air through this transaction, which underscores our commitment to supporting the growth of China’s aviation sector,” Jie Chen, CEO of CDB Aviation, said. “The A321neo’s superior economics and passenger comfort align perfectly with Loong Air’s vision of expanding its domestic, international and regional network.”
“This agreement marks another milestone in Loong Air and CDB Aviation’s strategic partnership of more than 10 years,” Qihong Liu, chairman of Loong Air, said. “We also hope to continue to explore new opportunities of cooperation with CDB Aviation and jointly promote innovative development in the future. The A321neo’s enhanced performance and cabin flexibility will allow us to offer an elevated travel experience to our passengers, while supporting our long-term sustainability objectives.”
