CDB Aviation and Evelop Airlines Sign Lease Agreement for One A330-300 Aircraft

DUBLIN–(BUSINESS WIRE)–CDB Aviation, a wholly owned Irish subsidiary of China Development Bank
Financial Leasing Co., Limited (“CDB Leasing”), today announced that the
company entered into a lease agreement with Palma de Mallorca-based
Evelop Airlines (“Evelop”), covering one Airbus A330-300 aircraft.

“We are pleased to welcome our new customer, Evelop Airlines, to CDB
Aviation’s rapidly expanding European customer base,” said CDB Aviation
Chief Commercial Officer Patrick Hannigan. “This widebody aircraft will
bolster the airline’s fleet as it continues its ambitious growth and
expansion of its flight network connecting European passengers to
destinations in the Caribbean.”

“Evelop is delighted to have entered into this dry operating lease
agreement with CDB Aviation for its 6th aircraft, with this particular
aircraft being our 5th widebody. CDB Aviation has been a very
comprehensive lessor, understanding the needs of our airline and having
worked very closely with our team in order to build a win-win
transaction for both parties. We expect that this becomes the start of a
long-term relationship between the two companies,” commented Evelop
Chief Financial Officer Fabián Hernánde.

This latest transaction demonstrates CDB Aviation’s stalwart commitment
to building and cultivating relationships with airlines in all key
markets around the world. Hannigan concluded: “As our platform expands
globally, we continue to deliver a full suite of operating lessor
products that meet wide-ranging customer needs and ensure growth with
access to a diverse fleet and attractive near-term delivery positions
for new technology aircraft.”

About Evelop Airlines

Evelop Airlines is a Spanish airline based in Palma de Mallorca, with an
operating base at Madrid Barajas Airport. The airline is a subsidiary of
travel and tourism conglomerate, Avoris Travel Group, and operates
scheduled and charter services in collaboration with fellow group
carrier, ORBEST (Portugal), on behalf of tour operators.

About CDB Aviation

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).