Lessor Delivered First Aircraft to New Chinese
Airline Customer
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”).
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Colorful Guizhou Airlines took delivery
of a brand new A320-251N on lease from CDB Aviation in Tianjin,
China. The aircraft arrived in Guiyang City, Guizhou Province,
China, on June 14, 2024. (Photo: Business Wire)
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.
Forward-Looking Statements
This press release contains certain forward-looking statements,
beliefs or opinions, including with respect to CDB Aviation’s
business, financial condition, results of operations or plans. CDB
Aviation cautions readers that no forward-looking statement is a
guarantee of future performance and that actual results or other
financial condition or performance measures could differ materially
from those contained in the forward-looking statements. These
forward-looking statements can be identified by the fact that they
do not relate only to historical or current facts. Forward-looking
statements sometimes use words such as ”may,” “will,” “seek,”
“continue,” “aim,” “anticipate,” “target,” “projected,” “expect,”
“estimate,” “intend,” “plan,” “goal,” “believe,” “achieve” or other
terminology or words of similar meaning. These statements are based
on the current beliefs and expectations of CDB Aviation’s
management and are subject to significant risks and uncertainties.
Actual results and outcomes may differ materially from those
expressed in the forward-looking statements. Accordingly, you
should not rely upon forward-looking statements as a prediction of
actual results and we do not assume any responsibility for the
accuracy or completeness of any of these forward-looking
statements. Except as required by applicable law, we do not
undertake any obligation to, and will not, update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
About Colorful Guizhou Airlines
As the only local airline in Guizhou Province, Colorful Guizhou
Airlines has always adhered to the development concept of “Rooted
in Guizhou, Embracing China, and Aspiring to the World.” After 9
years of continuous development, its fleet size has reached to 19
aircraft (10 x A320 + 9 x E190), fly to 47 cities with 52 routes.
The routes cover important node cities in Beijing-Tianjin-Hebei
Region, Yangtze River Delta, Pearl River Delta, Central China,
Northwest China, and Northeast China, and have initially formed a
route network “to develop an extensive national network, with a
focus on trunk routes, supplemented by regional routes.” In the
future, the company will continuously optimize its route network,
strengthen regional coordination, and comprehensively promote
intelligent operation. The airline will also continuously optimize
their official website, WeChat, mini programs, and other all media
platforms, improve its information technology, strengthen digital
technology innovation, and enhance the digital security.
Continuously empowering important areas, such as: safety
production, aviation services, and green development through
digitization. www.cgzair.com
About CDB Aviation
CDB Aviation is a wholly owned Irish subsidiary of China
Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”) a
39-year-old Chinese leasing company that is backed mainly by the
China Development Bank. CDB Aviation is rated Investment Grade by
Moody’s (A2), S&P Global (A), and Fitch (A+). China Development
Bank is under the direct jurisdiction of the State Council of China
and is the world’s largest development finance institution. It is
also the largest Chinese bank for foreign investment and financing
cooperation, long-term lending and bond issuance, enjoying Chinese
sovereign credit rating.
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 and enjoys a Chinese sovereign
credit rating. It took an important step in July 2016 to globalize
and marketize its business – listing on the Hong Kong Stock
Exchange (HKEX STOCK CODE: 1606). www.CDBAviation.aero
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Media: Paul Thibeau Paul.THIBEAU@CDBAviation.aero; +1 612 594
9844