CDB Aviation Sells Two A330-200s to National Airlines

November 27, 2024 at 18:21 PM EST

Airline to Deploy Widebodies to Provide On-demand Passenger Charter Services

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the completion of a sale transaction for two Airbus A330-200 aircraft with National Airlines (“National”).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120121681/en/

National Airlines will deploy the two Airbus A330-200 aircraft purchased from CDB Aviation to provide charter transportation services. (Photo: Business Wire)

The Florida-based cargo and passenger charter services operator took delivery of the Rolls-Royce Trent 700 engine-powered versions of the aircraft in July and November 2024 and plans to deploy the two widebodies to provide charter transportation services.

“We are delighted to have collaborated on executing this sale transaction for two of our A330-200 passenger aircraft and look forward to expanding our partnership with the National team,” commented CDB Aviation Chief Executive Officer Jie Chen. “These A330 aircraft will support the carrier’s fleet growth strategy, offering efficient, resourceful, and modern air passenger services for their customers’ increasing transportation demands.”

“We are extremely grateful to CDB Aviation for partnering with us on this aircraft purchase. The addition of these two A330-200 aircraft to National's fleet emphasizes our commitment to providing world-class service to our customers, as we enhance our passenger experience,” commented Christopher Alf, Chairman of National Airlines. “These new aircraft will not only lead to a more efficient and wider operational range, but also equip us better to meet the growing demand for exclusive, highly customized and personalized charter travel requests from customers across the globe.”

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 National Airlines

National Airlines is a U.S. FAA-certificated Part 121 air carrier, with a fleet of 9 B747-400 Freighters, and 4 passenger aircraft including A330-300, A330-200, and B757-200. The company provides on-demand commercial cargo and passenger charters to over 450+ airports worldwide. From humanitarian aid to e-commerce shipment, National Airlines customized air cargo charter services are offered to defense, automotive, energy, fashion, pharmaceuticals, and oil & gas industry customers among others. The global operations are managed by offices and hubs in the U.S., Germany, Spain, Netherlands, Dubai, Malaysia, Japan, Shanghai, and Hong Kong. www.nationalairlines.com

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). www.CDBAviation.aero

View source version on businesswire.com: https://www.businesswire.com/news/home/20241120121681/en/

@CDBAviation announced the completion of a sale transaction for two @Airbus A330-200 aircraft with @GoNationalAir #cargo #freighter #aviation #aircraftleasing #WeDeliverTheWorld @National Air Cargo, Inc. https://www.cdbaviation.aero/national-airlines/

Contacts

Paul Thibeau

Paul.THIBEAU@CDBAviation.aero ; +1 612 594 9844

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CDB Aviation Sells Two A330-200s to National Airlines

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