Lessor Delivered First Aircraft to New Chinese Airline Customer

Tianjin, China – July 1, 2024 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced the delivery of the first of three Airbus A320neo aircraft to a new Chinese airline customer, Colorful Guizhou Airlines Co., Ltd. (“Colorful Guizhou Airlines”).

The Guiyang-based carrier received the A320-251N aircraft during a delivery ceremony held in Tianjin, China, on June 14, 2024, which coincided with the ninth anniversary of the airline’s establishment. The aircraft is configured with four business and 168 economy class seats. The remaining two aircraft are scheduled to be delivered to the airline before 2025.

“This new partnership with Colorful Guizhou Airlines demonstrates our ongoing commitment to building and cultivating long-term relationships with airlines in all key aviation markets,” commented Jie Chen, CDB Aviation’s Chief Executive Officer. “We are confident that this new modern, fuel-efficient aircraft will greatly benefit Colorful Guizhou Airlines’ operations in support of the airline’s fleet expansion plans.”

“We are pleased to have successfully introduced our tenth A320neo aircraft. Not only is this an important milestone in the development of Colorful Guizhou Airlines, but also a crucial step towards our future. The newly joined aircraft will further enhance our capacity and operational efficiency,” commented Fanyu Liu, Colorful Guizhou Airlines’ Deputy Secretary of the Party Committee. “We are delighted to establish a good cooperative relationship with CDB Aviation, and we hope to continue to deepen communication, explore new cooperation opportunities, and jointly promote innovative development in the future.”

“I would like to share my true appreciation for both the Colorful Guizhou Airlines and internal CDB Aviation teams for their outstanding collaboration on structuring and executing this transaction from our orderbook, facilitating our platform’s first delivery to the newest customer in China,” added Chen.

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