CDB Aviation Delivers Sixth A320neo Aircraft to SAS

CDB Aviation Lease Finance DAC (“CDB Aviation”), a wholly owned Irish
subsidiary of China Development Bank Financial Leasing Co., Limited
(“CDB Leasing”), announced the last delivery of a fleet of six Airbus
A320-200neo aircraft to Scandinavia’s largest airline, SAS, as part of a
sale and leaseback transaction commenced in March 2017.

“We are delighted to conclude our first transaction with SAS by
delivering the last of six A320neos,” said CDB Aviation Chief Commercial
Officer Patrick Hannigan. “The scale of this transaction underscores CDB
Aviation’s commitment to delivering a unique global aircraft leasing
platform with the customized fleet options our lessee customers need,
one aircraft or an entire fleet at a time.”

The CDB Aviation team were instrumental in the introduction of the
A320neo into SAS’ fleet, which has been a key component of the airline’s
strong commitment to sustainability.

Hannigan added: “We applaud the SAS team for continuing to lead the way
in sustainability by leveraging this aircraft’s increasingly energy
efficient characteristics. We look forward to further expanding our
partnership by delivering the industry’s best professional, full-service
support to assist the airline with their fleet plans and ensure their
profitability well into the future.”

Niklas Hårdänge, Vice President Fleet Management, SAS Group, commented:
“We, at SAS, are also delighted to further develop our cooperation and
appreciated CDB Aviation’s continued support of our business.”

About CDB Aviation

CDB Aviation Lease Finance DAC (“CDB Aviation”) is a wholly owned Irish
subsidiary of China Development Bank Financial Leasing Co., Limited
(“CDB Leasing”) a 34-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).

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