CDB Aviation, the Irish subsidiary of China Development Bank Financial Leasing, placed a Boeing 737-800 aircraft on a long-term lease to a new customer, NordStar Airlines. The Russian airline has airport bases in Krasnoyarsk and Moscow (Domodedovo).

The 737-800 aircraft was delivered to the carrier in Ostrava, Czech Republic on July 31, and is expected to support the carrier’s expanding operations between Russian cities and the neighboring regions within the Russian Federation and foreign countries.

“We look forward to our collaboration with new customer NordStar Airlines in enhancing their fleet to meet the growing demand for air travel in the region,” said CDB Aviation President and Chief Commercial Officer Patrick Hannigan. “With our growing scale and diversified portfolio, we continue to offer airline customers access to the most sought-after aircraft types, providing tailored leasing solutions that effectively address their specific goals.”

“We are very pleased to work with CDB Aviation in adding this aircraft to our fleet, which will improve our overall passenger capacity capabilities in order to meet air travel demand within our network,” commented NordStar Airlines CEO Leonid Mokhov.

Hannigan underscored that CDB Aviation’s “global team has proven market experience and process expertise to swiftly remarket aircraft, transitioning it from one operator to another, addressing even the most unique fleet requirements.”

Joint-stock company NordStar Airlines belongs to the PJSC MMC Norilsk Nickel group of companies. It ranks among the largest Russian air carriers with passengers turnover exceeding one million people per year.

CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing, a 35-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China’s leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing.