CHENGDU, China--(BUSINESS WIRE)--
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), joined a grand ceremony held at Chengdu Shuangliu International Airport on July 9, 2024, to celebrate the delivery of a second Airbus A330-300 Passenger to Freighter (“A330 P2F”) on lease to its existing customer, Sichuan Airlines.
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A ceremony held on July 9, 2024, at Chengdu Shuangliu International Airport celebrated the delivery of Sichuan Airlines’ second Airbus A330-300 Passenger to Freighter on lease from CDB Aviation, simultaneously marking the momentous addition of a 200th aircraft to the airline’s growing fleet. (Photo: Business Wire)
“We are thrilled to be joining our partners at Sichuan Airlines in celebrating this significant 200th aircraft milestone in the airline’s impressive regional and international growth story,” commented Jie Chen, CDB Aviation’s Chief Executive Officer. “CDB Aviation congratulates the Sichuan Airlines team on achieving their leading position among airlines in Western China and its growing role as an international airline in both the passenger and cargo markets.”
“We are very happy to strengthen on our relationship with CDB Aviation and appreciate Jie Chen and his team for their continued hard work in bringing the second A330 P2F aircraft to Sichuan Airlines,” said Zuyi Shi, Chairman of Sichuan Airlines. “The aircraft is a superb addition to our cargo fleet, providing us with more widebody freighter capacity and enhancing our operational capabilities to meet the rapidly expanded market demand. This will further ensure our airlines’ sustainable growth in the long term.”
“CDB Aviation values our strong and long-standing relationship with Sichuan Airlines, and we are grateful for the confidence the airline has placed in our international leasing platform. We look forward to supporting Sichuan Airlines’ future growth,” concluded 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 Sichuan Airlines
Sichuan Airlines is an airline headquartered at Chengdu Shuangliu International Airport in Chengdu, Sichuan in China. The airline began operations in 1988 and since then has been keeping the record of safe operation for 36 years. In August 2002, it was reorganized, and the Sichuan Airlines Group became the major shareholder (40%). The other major shareholders include China Southern Airlines, Shandong Airlines and China Eastern Airlines. The first long-haul overseas route was launched in June 2012, with flights from its Chengdu hub to Vancouver, Canada. It now operates the largest Airbus fleet of 200 aircraft in China and flies more than 500 domestic and overseas routes that cover Asia, Europe, Oceania, North America, and Africa.
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).
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