Dallas — Hainan Airlines (HU), a 5-star Chinese carrier, has leased three new Boeing 737-8 MAX and Airbus A320neo aircraft from CDB Aviation. CDB Aviation is a wholly owned Irish subsidiary of the China Development Bank Financial Leasing Company, hence the name CDB Aviation. The lease contract was announced at the Singapore Airline Economics Growth Frontiers Asia Pacific conference, which ran from November 6–8, 2023.
The three Boeing 737-8 aircraft will be delivered to HU between August and November 2024. The three Airbus A320neo aircraft are set to arrive between October and November 2024.
Statements from CDB Aviation and Hainan Airlines
Jie Chen, CDB Aviation’s Chief Executive Officer said, “We are very pleased to be building on our long-standing relationship with Hainan Airlines as they position their airlines to expand into the coming decade, aiming to operate a 1,000-strong fleet by 2029″, the CEO added that “CDB Aviation is confident that Asia will experience a robust rebound in air travel between now and the end of 2024. We are geared up to meet the demand for aircraft from Chinese and Asian carriers, with ongoing campaigns for both placements and SLBs in the region.”
Zhu Tao, President and CEO of Hainan Airlines stated “CDB Aviation has long been an important business partner to Hainan Airlines. The placement of six new generation aircraft demonstrates the confidence and determination of both parties to further our strategic cooperation.”
Feature image: Hainan Airlines Boeing 737-8. Image: Boeing