China Development Airlines agrees to sign the first lease contract for two A330-300 P2F aircraft with MasAir of Mexico

The lessor brings the next-generation A330 P2F freighter to the market, and the cargo airline becomes the newest customer in the Americas

CDB Aviation, a wholly-owned subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”) in Ireland, announced today that it has reached an agreement with Mexico-based MasAir Cargo Airline (“MasAir”). An agreement to lease two aircraft. The Airbus A330-300 passenger-cargo (“P2F”) aircraft, marking the first time a lessor and an airline operator have entered into a leasing transaction for this aircraft type.

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The long-term lease of the A330 P2F aircraft to its newest customer in the Americas is the first two positions of the aircraft type conversion agreement announced by China Development Airlines and EFW of Germany in November 2020. The aircraft is scheduled to be delivered to MasAir in the first half of 2022.

Peter Goodman, Chief Marketing Officer of China Development Bank Aviation, commented: “We are delighted to welcome MasAir as the newest member of our growing Mexican and American customer base.” Take strategic action to use more efficiently and with more capabilities. Strong medium-sized wide-body cargo aircraft to expand the fleet.

“With the increasing demand for express air cargo from strong e-commerce activities, our A330 P2F aircraft will provide the required combination of capacity and operating economy to support MasAir’s expansion plan, so that its fleet can effectively meet the continuous Increasing demand for e-commerce. Commercial infrastructure.”

In a message to stakeholders, Luis Sierra, CEO of MasAir, emphasized: “The A330-300P2F of China Development Bank will provide greater capacity and efficiency, which marks the ongoing process of MasAir becoming a global player in the air cargo field. Two A330s join the two A330-200 aircraft we agreed to lease last month, and we will continue to use more efficient and longer-range aircraft to expand our fleet.”

Patrick Hannigan, Chief Executive Officer of China Development Bank Aviation, said: “Today, the medium-sized wide-body cargo aircraft sector has been served by aging twin jet aircraft, and is ready to grow with the demand for a new generation of medium-sized wide-body cargo aircraft.” “We enter. The decision to switch the A330 P2F market was driven by the potential of the asset.”

EFW CEO Dr. Andreas Sperl said: “We are very pleased that MasAir will become the first A330-300 P2F operator in the Americas in 2022.” “A330 P2F is considered a very popular product, especially in the express freight market. Because it is a wide-body plan, it has a larger capacity, provides more freight and lower cost per ton than other freighters of similar scope.”

The lessor hopes that the A330-300 P2F can bring next-generation technology and efficiency to this market segment, providing more volume space than similar used cargo aircraft. The aircraft can also be seamlessly inserted into the fleet of A320 series, A330 and A350 operators according to the needs of freight operators and freight forwarders.

“We are very pleased to see MasAir’s commitment to join the A330-300 P2F, thereby enhancing its position on the A330 freighter. This new addition to the fleet will also allow MasAir to benefit from the unique Airbus versatility and the mature technology of the A330 family. , For example, said Arturo Barreira, President of Airbus Latin America.

Hannigan concluded: “As the main lessor of the passenger aircraft A330, we are in a leading position in the industry with the ability of this efficient aircraft to provide customers with the next generation of medium and wide-body cargo aircraft, which will enable them to meet the near deadline. And the future.”

Forward-looking statements

This press release contains certain forward-looking statements, beliefs or opinions, including information about China Development Airlines’ business, financial status, operating results or plans. China Development Bank Aviation warns readers that any forward-looking statements do not constitute a guarantee of future performance, and actual results or other financial conditions or performance indicators may differ materially from the statements in the forward-looking statements. These forward-looking statements are not only related to historical facts or current facts, but can also be identified by the following facts. Forward-looking statements sometimes use terms such as “may”, “will”, “seek”, “continue”, “target”, “anticipate”, “target”, “anticipate”, “expect”, “estimate”, “intent”, “Plan”, “Goal”, “Believe”, “Achieve” or other terms or words with similar meanings. These statements are based on the current beliefs and expectations of the management of CDB Airlines, and there are significant risks and uncertainties. Actual results and results may differ materially from those expressed in forward-looking statements. Therefore, you should not use forward-looking statements as predictions of actual results, and we are not responsible for the accuracy or completeness of any forward-looking statements. Unless required by applicable law, we assume no obligation and will not update any forward-looking statements due to new information, future events or other reasons.

About MasAir Cargo Airlines

Air transportation company Mas de Carga, SA de CV (dba MasAir Cargo Airlines) is a cargo airline in Mexico City that has been operating cargo aircraft since 1992. Since 2001, MasAir has been the operator of B767-300Fs. MasAir is a member of IATA and has IOSA, ISAGO, TCO-EASA, CCAR-129 and IATA-CEIV Pharma certifications. Since December 2018, MasAir has been under a new ownership structure and management, and the leading Mexican private equity fund Discovery Americas has become a major shareholder. MasAir has plans and charter flights throughout the Americas and is now expanding its new ACMI division by adding freighters. www.masair.com

About China Development Airlines

China Development Bank Aviation is a wholly-owned subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”) in Ireland. China Development Bank Financial Leasing Co., Ltd. is a 36-year-old Chinese leasing company, mainly supported by China Development Bank. CDB Airlines is rated as investment grade by Moody’s (A1), S&P Global (A) and Fitch (A+). The China Development Bank is the direct jurisdiction of the State Council of China and the largest development financial institution in the world. It is also China’s largest foreign investment and financing cooperation, long-term loan and bond issuing bank, and enjoys China’s sovereign credit rating.

China Development Bank Leasing is the only leasing department of China Development Bank and a leading company in China’s leasing industry. The company is engaged in the leasing business of aircraft, infrastructure, ships, commercial vehicles and construction machinery, and enjoys China’s sovereign credit rating. In July 2016, the company took an important step to globalize and marketize its business-listed on the Hong Kong Stock Exchange (stock exchange code: 1606). www.CDBAviation.aero

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