CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced the execution of new lease agreements for six Airbus A321neo aircraft with its Chinese airline customer, Zhejiang Loong Airlines Co., Ltd. (“Loong Air”).
The Hangzhou-headquartered carrier is expected to take delivery of the aircraft in 2027 from the lessor’s orderbook. Renowned for its fuel efficiency, reduced carbon emissions, and extended range capabilities, the A321neo, the largest member of Airbus’ A320neo family, is well suited to enhance Loong Air’s operational efficiency and sustainability goals.
“We are pleased to strengthen our partnership with Loong Air through this transaction, which underscores our commitment to supporting the growth of China’s aviation sector,” said Jie Chen, Chief Executive Officer of CDB Aviation. “The A321neo’s superior economics and passenger comfort align perfectly with Loong Air’s vision of expanding its domestic, international and regional network.”
Bombardier, Gulfstream, Dassault, Embraer, Textron Aviation
Download free sample pagesEstablished in 2011, Loong Air operates a fleet of over 70 Airbus A320-family aircraft, serving major Chinese cities and select international routes. The addition of the A321neos will enable the airline to boost capacity on high-demand routes while maintaining its focus on cost efficiency and environmental responsibility.
“This agreement marks another milestone in Loong Air and CDB Aviation’s strategic partnership of more than 10 years,” commented Qihong Liu, Chairman of Loong Air. “We also hope to continue to explore new opportunities of cooperation with CDB Aviation and jointly promote innovative development in the future. The A321neo’s enhanced performance and cabin flexibility will allow us to offer an elevated travel experience to our passengers, while supporting our long-term sustainability objectives.”
