CDB Aviation Leases Four E190 Aircraft to Mongolian Carrier Hunnu Air

Aircraft to Support the Carrier’s Domestic and Regional Flights

DUBLIN–(BUSINESS WIRE)–lt;a href=”” target=”_blank”gt;#CDBAviationlt;/agt;–CDB Aviation, a wholly owned Irish subsidiary of China Development Bank
Financial Leasing Co., Limited (“CDB Leasing”), announced today the
signing of a lease agreement with a Mongolian domestic airline, Hunnu
Air, for a fleet of four Embraer E-190 aircraft.

The E190 aircraft will support the carrier’s domestic and regional
network, which now operates flights within Mongolia and to China and
Russia from its Chinggis Khaan International Airport base. The E190s,
configured in a two-class layout featuring 92 economy and 6 business
class seats, are expected to deliver to the airline in May 2019, and in
2020 and 2021.

“We are very pleased to enter the Mongolian market with the lease of
four E190s to the fast-growing Hunnu Air,” said CDB Aviation President &
Chief Commercial Officer Patrick C. Hannigan. “We look forward to
building a strong collaboration between our companies to support the
expansion of Hunnu Air’s flight routes as it strives to meet the growing
market demand and economic growth of Mongolia.”

Hunnu Air Chief Executive Officer Munkhjargal Purevjal commented: “Hunnu
Air has taken on a new direction, more committed than ever to providing
convenient domestic and regional flights options to travelers. In
conjunction with our growing fleet by these Embraer E-190s from CDB
Aviation and numerous scheduling options, we need to continue to grow
our operations, and further anchor ourselves within the country’s travel

About Hunnu Air

Hunnu Air is a privately-owned Mongolian airline that performs more than
seventy percent of the overall domestic scheduled services from its
Ulaanbaatar hub, also supplies charter flights to Mongolian mining
sites, including Oyu Tolgoi. The company also conducts international
scheduled and charter services to the neighboring countries, such as
Russia and China.

About CDB Aviation

CDB Aviation is a wholly owned Irish subsidiary of China Development
Bank Financial Leasing Co., Limited (“CDB Leasing”) a 35-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.

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).


Media contact: Paul Thibeau;
+1 612 594 9844

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