CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the signing of a lease agreement with a Mongolian domestic airline, Hunnu Air, for a fleet of four Embraer E-190 aircraft.
The E190 aircraft will support the carrier’s domestic and regional network, which now operates flights within Mongolia and to China and Russia from its Chinggis Khaan International Airport base. The E190s, configured in a two-class layout featuring 92 economy and 6 business class seats, are expected to be delivered to the airline in May 2019, and in 2020 and 2021.
Hunnu Air is a privately-owned Mongolian airline that performs more than seventy percent of the overall domestic scheduled services from its Ulaanbaatar hub, and also supplies charter flights to Mongolian mining sites, including Oyu Tolgoi. The company also conducts international scheduled and charter services to the neighboring countries, such as Russia and China. (www.hunnuair.com)
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.