CDB Aviation Lease Finance inks lease agreement for 737-800s with Ruili Airlines

CDB Aviation Lease Finance DAC, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited, has announced the signing of a lease agreement for three Boeing 737-800 aircraft with China´s first privately owned, low-cost carrier Ruili Airlines, the company said.

Founded in 2014, Ruili Airlines is the first local airline in Yunnan Province, China. The carrier is based at Kunming Changshui International Airport and operates a fleet of 14 Boeing 737 aircraft on scheduled passenger flights to destinations covering southern as well as northeastern China.

CDB Aviation Lease Finance DAC is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited a 33-year-old Chinese leasing company that is backed mainly by the China Development Bank. 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. www.cdbaviationleasefinance.com

CDB Leasing is the only leasing arm of the China Development Bank and a 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.