Latest news with #LoongAir
Yahoo
3 days ago
- Business
- Yahoo
CDB Aviation and Loong Air Execute Lease Agreements for Six A321neo Aircraft
Aircraft Will Support Airline's Fleet Expansion and Modernization Strategy HANGZHOU, China, July 20, 2025--(BUSINESS WIRE)--CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ("CDB Leasing"), announced the execution of new lease agreements for six Airbus A321neo aircraft with its Chinese airline customer, Zhejiang Loong Airlines Co., Ltd. ("Loong Air"). The Hangzhou-headquartered carrier is expected to take delivery of the aircraft in 2027 from the lessor's orderbook. Renowned for its fuel efficiency, reduced carbon emissions, and extended range capabilities, the A321neo, the largest member of Airbus' A320neo family, is well suited to enhance Loong Air's operational efficiency and sustainability goals. "We are pleased to strengthen our partnership with Loong Air through this transaction, which underscores our commitment to supporting the growth of China's aviation sector," said Jie Chen, Chief Executive Officer of CDB Aviation. "The A321neo's superior economics and passenger comfort align perfectly with Loong Air's vision of expanding its domestic, international and regional network." Established in 2011, Loong Air operates a fleet of over 70 Airbus A320-family aircraft, serving major Chinese cities and select international routes. The addition of the A321neos will enable the airline to boost capacity on high-demand routes while maintaining its focus on cost efficiency and environmental responsibility. "This agreement marks another milestone in Loong Air and CDB Aviation's strategic partnership of more than 10 years," commented Qihong Liu, Chairman of Loong Air. "We also hope to continue to explore new opportunities of cooperation with CDB Aviation and jointly promote innovative development in the future. The A321neo's enhanced performance and cabin flexibility will allow us to offer an elevated travel experience to our passengers, while supporting our long-term sustainability objectives." Forward-Looking Statements This press release contains certain forward-looking statements, beliefs or opinions, including with respect to CDB Aviation's business, financial condition, results of operations or plans. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as "may," "will," "seek," "continue," "aim," "anticipate," "target," "projected," "expect," "estimate," "intend," "plan," "goal," "believe," "achieve" or other terminology or words of similar meaning. These statements are based on the current beliefs and expectations of CDB Aviation's management and are subject to significant risks and uncertainties. Actual results and outcomes may differ materially from those expressed in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. About Loong Air Zhejiang Loong Airlines Co., Ltd. ("Loong Air") was established on April 19, 2011, with its first cargo flight launched on August 9, 2012, and its first passenger flight on December 29, 2013, Based on Hangzhou, Zhejiang Province. The company serves as Zhejiang Province's leading home-based airline and one of the key players in the aviation industry. Loong Air has established three branches in Northwest, Southwest, and Central-South of China. To date, its fleet size reach to 73, operating domestic and international passenger and cargo routes covering Mainland China, Hong Kong, Macau and extending to Japan, South Korea, Southeast Asia, South Asia, and Central Asia, transporting over 10 million passengers annually. The company is committed to four major development visions: high-quality, group operations, intelligence and international, to establish itself as a world-class aviation group. About CDB Aviation CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ("CDB Leasing") a 40-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody's (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is one of 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). View source version on Contacts Media contact: Paul +1 612 594 9844 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
3 days ago
- Business
- Business Wire
CDB Aviation and Loong Air Execute Lease Agreements for Six A321neo Aircraft
HANGZHOU, China--(BUSINESS WIRE)--CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ('CDB Leasing'), announced the execution of new lease agreements for six Airbus A321neo aircraft with its Chinese airline customer, Zhejiang Loong Airlines Co., Ltd. ('Loong Air'). We are pleased to strengthen our partnership with Loong Air through this transaction, which underscores our commitment to supporting the growth of China's aviation sector. Share The Hangzhou-headquartered carrier is expected to take delivery of the aircraft in 2027 from the lessor's orderbook. Renowned for its fuel efficiency, reduced carbon emissions, and extended range capabilities, the A321neo, the largest member of Airbus' A320neo family, is well suited to enhance Loong Air's operational efficiency and sustainability goals. 'We are pleased to strengthen our partnership with Loong Air through this transaction, which underscores our commitment to supporting the growth of China's aviation sector,' said Jie Chen, Chief Executive Officer of CDB Aviation. 'The A321neo's superior economics and passenger comfort align perfectly with Loong Air's vision of expanding its domestic, international and regional network.' Established in 2011, Loong Air operates a fleet of over 70 Airbus A320-family aircraft, serving major Chinese cities and select international routes. The addition of the A321neos will enable the airline to boost capacity on high-demand routes while maintaining its focus on cost efficiency and environmental responsibility. 'This agreement marks another milestone in Loong Air and CDB Aviation's strategic partnership of more than 10 years,' commented Qihong Liu, Chairman of Loong Air. 'We also hope to continue to explore new opportunities of cooperation with CDB Aviation and jointly promote innovative development in the future. The A321neo's enhanced performance and cabin flexibility will allow us to offer an elevated travel experience to our passengers, while supporting our long-term sustainability objectives.' Forward-Looking Statements This press release contains certain forward-looking statements, beliefs or opinions, including with respect to CDB Aviation's business, financial condition, results of operations or plans. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as 'may,' 'will,' 'seek,' 'continue,' 'aim,' 'anticipate,' 'target,' 'projected,' 'expect,' 'estimate,' 'intend,' 'plan,' 'goal,' 'believe,' 'achieve' or other terminology or words of similar meaning. These statements are based on the current beliefs and expectations of CDB Aviation's management and are subject to significant risks and uncertainties. Actual results and outcomes may differ materially from those expressed in the forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise. About Loong Air Zhejiang Loong Airlines Co., Ltd. ('Loong Air') was established on April 19, 2011, with its first cargo flight launched on August 9, 2012, and its first passenger flight on December 29, 2013, Based on Hangzhou, Zhejiang Province. The company serves as Zhejiang Province's leading home-based airline and one of the key players in the aviation industry. Loong Air has established three branches in Northwest, Southwest, and Central-South of China. To date, its fleet size reach to 73, operating domestic and international passenger and cargo routes covering Mainland China, Hong Kong, Macau and extending to Japan, South Korea, Southeast Asia, South Asia, and Central Asia, transporting over 10 million passengers annually. The company is committed to four major development visions: high-quality, group operations, intelligence and international, to establish itself as a world-class aviation group. About CDB Aviation CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. ('CDB Leasing') a 40-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody's (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is one of 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).
Time Out
10-07-2025
- Entertainment
- Time Out
Cute Pop Mart airplanes land in Singapore Changi Airport, fuelling rumours of upcoming themed flights
Massive Pop Mart conventions, lash extensions for Labubu, and even character-themed festive decor – when will it all end? Not anytime soon, that's for sure. In fact, just when we thought the craze-inducing toy company couldn't surprise us any further, we spotted aircraft decked out in Pop Mart livery touching down right here on Changi Airport's tarmac. As seen on Changi Airport's official Facebook and Instagram pages, the special Pop Land City Paradise airplanes feature beloved favourites including Molly, Dimoo, Skullpanda, Bunny, Sweet Bean and plenty more – all against a striking red background. And according to netizens on Chinese social media platform Xiao Hong Shu, the interiors of the Airbus A320 plane are also splashed in similar decor, with themed amenities including Pop Mart barf bags, of all things. The Pop Mart aircraft belongs to low-cost Chinese airline Zhejiang Changlong Airlines Co., more commonly referred to as Loong Air (长龙航空). Currently, the themed flights only operate on selected domestic routes within China, with destinations including Guangzhou, Chengdu, and Hangzhou, as well as on limited international routes from China to Jeju and Bangkok. The silver lining? Loong Air launched a new direct route between Singapore and Wenzhou in China's Zhejiang province not too long ago, so Changi Airport's posts might very well be a teaser of potential upcoming Pop Mart-themed journeys involving Singapore as well. Fingers crossed for the blind box fanatics among us! For now, wanderlusters who simply can't wait to explore the newly unlocked destination of Wenzhou can book Loong Air's non-themed budget flights via or Loong Air's website here.
Malay Mail
30-05-2025
- Business
- Malay Mail
Penang to Xi'an flights set for June return, KL route in the works, says Tourism Malaysia
GEORGE TOWN, May 30 — The direct Penang-Xi'an flight route operated by Loong Air is expected to resume soon, offering a boost to tourism industry players. Tourism Malaysia deputy chairman Datuk Yeoh Soon Hin said the agency is in close communication with the airline, which is targeting a June resumption. However, the exact date has yet to be confirmed as discussions are ongoing and both parties are closely monitoring market response. 'Loong Air also plans to launch a direct Kuala Lumpur–Xi'an route with three weekly flights. The inaugural flight is expected in late June and is in the application and preparation stage,' he said in a statement today. Yeoh also emphasised Tourism Malaysia's commitment to expanding international flight routes beyond Kuala Lumpur to ensure that all states benefit from Visit Malaysia Year 2026, thereby driving local economic and tourism growth. 'We will continue working with airlines to secure more direct international connections beyond Kuala Lumpur, enabling more tourists to access various parts of Malaysia directly,' he added. — Bernama
