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CDB Aviation to Lease Six A321neos to Loong Airlines

CDB Aviation to Lease Six A321neos to Loong Airlines
CDB Aviation, the Irish subsidiary of China Development Bank Financial Leasing, has entered into lease agreements to supply six Airbus A321neo aircraft to Zhejiang Loong Airlines. The Hangzhou-based carrier is expected to take delivery of the new jets in 2027, according to a statement issued by CDB Aviation on July 20, 2025.
Strengthening a Decade-Long Partnership
This transaction represents a significant milestone in the strategic partnership between CDB Aviation and Loong Air, which has spanned over ten years. Qihong Liu, Chairman of Loong Air, emphasized the importance of the agreement, noting that it not only reinforces their longstanding collaboration but also opens avenues for future cooperative ventures aimed at fostering innovative development within the aviation sector.
The Airbus A321neo, the largest variant in the A320neo family, is anticipated to enhance Loong Air’s operational efficiency and sustainability objectives. Jie Chen, CEO of CDB Aviation, highlighted the aircraft’s superior economic performance and passenger comfort, which align closely with Loong Air’s ambitions to expand its domestic, international, and regional network. The addition of these aircraft will allow the airline to increase capacity on high-demand routes while maintaining a focus on cost-effectiveness and environmental responsibility.
Operational and Market Challenges Ahead
Despite the promising outlook, both companies face several challenges in implementing the agreement. Integrating the A321neos into Loong Air’s existing fleet will require meticulous operational planning, particularly in areas such as crew training and maintenance protocols. Compliance with China’s regulatory framework for aviation remains a critical consideration, alongside potential supply chain disruptions that could impact the delivery schedule of the aircraft.
The expansion is also expected to influence the competitive landscape within China’s low-cost airline sector. The introduction of additional A321neos may intensify competition, compelling rival carriers to reevaluate their fleet strategies. This could lead to adjustments in fleet composition or new lease negotiations as competitors seek to safeguard their market positions.
Background on Loong Air and CDB Leasing
Founded in 2011, Loong Air operates a fleet exceeding 70 Airbus A320 family aircraft, serving major cities across China as well as select international destinations. CDB Leasing, the parent company of CDB Aviation, functions as the exclusive leasing arm of China Development Bank. It is a prominent entity within China’s leasing industry, with diversified activities encompassing aircraft, infrastructure, shipping, commercial vehicles, and construction machinery leasing.

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