– IRELAND, Dublin – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd., today announced the appointment of Madam MA Hong to its Board of Directors as Non-Executive Chairperson, effective April 18, 2023.
“The unique capabilities and resources of and continued support from our parent, CDB Leasing, have helped tremendously to propel our platform to where we are today. Ms. MA Hong’s long history of leadership and her extensive experience within CDBL and CDB, which recognize that CDB Aviation is a business in growth mode, will be critical to the next phase of our development,” said CEO, Jie Chen.
About MA Hong
Ms. MA Hong is currently Chairwoman and Executive Director of CDB Leasing, the lessor’s parent company and the leasing business platform under China Development Bank. Ms. MA Hong, who joined CDB Leasing in May 2021, has served in her current chairmanship role since November 2021. She became part of CDB in March 1994, where she held various positions, including Deputy Head of the CDB Planning Department, P of CDB Beijing Branch as well as President of CDB Shanxi Branc,h and President of CDB Beijing Branch.
“I feel privileged to take on this role at such an exciting time for CDB Aviation, one of the premier global leasing companies that has leveraged its increasingly prominent role in the aircraft financing ecosystem to advance its commercial growth journey,” said MA Hong. “Together with our board members and the management team, we will continue to ensure CDB Aviation’s growth strategy makes a positive impact on all stakeholders in the broader aircraft leasing community, including our customers, the OEMs and suppliers, our financial partners, and, of course, our shareholders.”
About CDB Aviation
CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. a 38-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 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 a 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).
For more information: https://www.cdbaviation.aero/
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