CDB Aviation Lease Finance Delivers Two Aircraft

CDB Aviation Lease Finance delivered one Airbus A321-200 aircraft to South Korean carrier Asiana Airlines. CDB also announced that Air Changan took delivery of its first Boeing 737-800 on lease.

The A321-200 aircraft will be sub-leased to Asiana Airlines’ subsidiary and low-cost carrier Air Busan, and will be operated on its network of services from its Busan Gimhae International Airport main base.

“We are delighted to welcome two new customers, Asiana Airlines and Air Busan, to CDB Aviation’s growing customer base in the Asia Pacific region,” said Patrick Hannigan, CDB Aviation chief commercial officer. “We look forward to building a long-term relationship with both carriers and supporting Air Busan’s efforts to meet the booming air passenger demand in the South Korean market.”

As for the other delivery, this is the first time Air Changan has taken delivery of a new 737-800 aircraft, which will join the China-based carrier’s 737-800-only fleet and will be operated from Xian Xianyang International Airport on services to regional destinations.

“We are very pleased to welcome Air Changan as our newest lessee customer in China and provide the airline with its first new 737-800 aircraft to further expand its fleet and continue enhancing efficiency of its route network with the aircraft’s optimized operating performance,” said Peter Chang, CDB Aviation president and CEO.

“It’s a pleasant cooperation with CDB Aviation. The new introduced aircraft B-1481 is the eighth 737-800 aircraft of Air Changan. Since launching the first flight on May 9, 2016, Air Changan has got a rapid development and opened 32 domestic routes, reaching 33 destinations,” said Kong Xiangyu, Air Changan president. “We will keep introducing aircraft, enrich our route network, provide more convenience for the public and make Air Changan the biggest mid-long distance dynamic culture airline.”

“Boeing 737s are the most popular airplanes in the world and we are delighted to see lessors like CDB Aviation and carriers like Air Changan utilize the airplane’s leading reliability, range and efficiency to grow their business,” said Jeremy Griffin, Boeing senior vice president of Global Leasing Sales.

CDB Aviation’s growing aircraft portfolio comprises 210 aircraft, with an average age of approximately 4.5 years, placed with 45 customers across 25 countries. The lessor’s forward order book consists of 201 aircraft committed with both Boeing and Airbus. In addition to the 737NG and MAX families, the lessor’s order book includes Boeing 787s as well as the Airbus A320ceo and A320neo families.

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