CDB Aviation delivers first of two 737-800 aircraft to new North American customer Sun Country

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Aircraft support the further expansion of the operator’s nimble network structure

MINNEAPOLIS – (BUSINESS WIRE) – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), today delivered the first of two Boeing 737-800s to Sun Country, a hybrid Low cost airline based in Minnesota.

“We are pleased to have worked with our colleagues at Sun Country on this transaction for two Boeing aircraft in our portfolio that will facilitate the further expansion of the airline’s highly adaptable network structure,” said Luís da Silva, CDB Aviation Head of Commercial, Americas.

The aircraft are equipped with 183 seats in a single economy class layout and operate on seasonal point-to-point routes. Delivery of the second aircraft is expected in early 2022.

“We are excited to enter into a new and valued partnership with CDB Aviation. These two aircraft are key to fulfilling our near-term growth plans and reflect Sun Country’s exceptional ability to expand its fleet with strategic partners around the world, ”said Thomas Frey, Sun Country’s Director of Fleet and Fuel.

Peter Goodman, CDB Aviation’s Chief Marketing Officer, commented, “Sun Country’s unique model and network has proven to be extremely beneficial in dealing with the pandemic headwinds and better positioning the airline for air travel recovery. Our commercial team has worked rapidly to give the airline, which operates in a market important to our platform, immediate access to additional aircraft capacity to support their network expansion. ”

Forward-Looking Statements

This press release contains certain forward-looking statements, beliefs or opinions, including regarding the business, financial condition, results of operations or plans of CDB Aviation. CDB Aviation cautions readers that no forward-looking statements are guarantees of future performance and that actual results or other financial conditions or performance indicators could differ materially from those contained in the forward-looking statements. These forward-looking statements can be recognized by the fact that they refer not only to historical or current facts. Forward-looking statements sometimes use words such as “may”, “will”, “seek”, “continue”, “aim”, “anticipate”, “aim”, “forecast”, “expect”, “estimate”, “intend”, “Plan”, “aim”, “believe”, “achieve” or other terminology or words with a similar or analogous meaning. These statements are based on the current beliefs and expectations of the management of CDB Aviation and are subject to significant risks and uncertainties. Accordingly, you should not rely on forward-looking statements as predictions of actual results and we assume no responsibility for the accuracy or completeness of such forward-looking statements. Unless required by law, we assume no obligation to update forward-looking statements, whether as a result of new information, future events or for any other reason.

About Sun Country

Sun Country Airlines is a new generation of hybrid low-cost airlines that dynamically deploy shared resources in our synergetic airline, charter and cargo businesses. Based in Minnesota, we focus on the care of recreational and visiting passengers with friends and relatives (“VFR”) as well as charter customers and offer CMI service for Amazon with flights in the United States and to destinations in Mexico, Central America, Canada and the Caribbean.

About CDB Aviation

CDB Aviation is a wholly-owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), a 36 year old Chinese leasing company primarily supported by the China Development Bank. CDB Aviation is rated investment grade by Moody’s (A2), S&P Global (A) and Fitch (A +). The China Development Bank reports directly to 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, and enjoys a Chinese government credit rating.

CDB Leasing is the only leasing arm of the China Development Bank and a leader in the Chinese leasing industry, active in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and with a Chinese credit rating. In July 2016, an important step was taken to globalize and market its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606).

Media contact: Paul Thibeau; +1 612 594 9844

Source: CDB Aviation

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