CDB Aviation Lease Finance Increases Global Footprint With New Executive Appointments

CDB Aviation Lease Finance ("CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited ("CDB Leasing”), announced today two new executive appointments: Lucas Mollan as Chief Technical Officer and Peter Goodman as Head of EMEA. Leveraging their extensive expertise and involvement across a variety of industries, the new executives significantly strengthen the CDB Aviation leadership team and will play a key role in driving the aggressive growth of the company’s global footprint, focusing on bolstering its fleet and further advancing its global market presence.

"With Lucas and Peter joining our rapidly growing international team, CDB Aviation is well positioned to accelerate momentum in executing on our strategy to innovate and benefit airline customers in all markets across the globe,” commented CDB Aviation President & Chief Executive Officer Peter Chang. "We have an exciting new vision to propel CDB Aviation into a formidable global aviation leasing platform, and the extraordinary talent of our executive team, combined with their track record in the aircraft leasing industry, is the right mix to make it happen.”

Lucas Mollan will be appointed CDB Aviation’s Chief Technical Officer and he is expected to start with CDB Aviation at the end of May 2017. Mr. Mollan has an extensive background in aircraft leasing, MRO and airline operations. As a member of the original Avolon Aerospace Leasing leadership team, Mr. Mollan was instrumental in taking the lessor from start-up in 2010 to third largest Lessor in the world in 2017. Prior to Avolon, he served as Managing Director, Thomas Cook Aircraft Engineering and Engineering Director, Thomas Cook Airlines UK. During his career, Mr. Mollan has served in various technical and engineering executive capacities at MyTravel Aircraft Engineering, MyTravel Airways, JMC Airlines, Flying Colours Airlines and Air 2000.

Peter Goodman will be appointed CDB Aviation’s Head of Europe, the Middle East and Africa ("EMEA”), and he is expected to start with CDB Aviation in May 2017. Mr. Goodman has over three decades of experience in the aircraft leasing and airline industries. Most recently, he held a number of senior executive positions in Leasing, Sales and Marketing with BOC Aviation. During his aviation career, Mr. Goodman has also held senior roles in the marketing division, technical division and has held Board positions in various companies including ORIX, Pembroke, GECAS, Guinness Peat Aviation ("GPA”), where he has also managed marketing/sales and technical teams. Mr. Goodman started his career in aviation with Aer Lingus.

About CDB Aviation Lease Finance

CDB Aviation Lease Finance ("CDB Aviation”) is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited ("CDB Leasing”), a 33-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. www.cdbaviationleasefinance.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 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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