Market Overview

CDB Aviation Leases Three 737-800s to Nordwind Airlines

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Aircraft to Support the Carrier's Fleet Expansion and Domestic
Growth

CDB Aviation Lease Finance DAC ("CDB Aviation"), a wholly owned Irish
subsidiary of China Development Bank Financial Leasing Co., Limited
("CDB Leasing"), announced the agreement with a Russian carrier,
Nordwind Airlines ("Nordwind"), for a long-term lease of three Boeing
737-800 aircraft from the lessor's order book with Boeing.

The first 737-800 was delivered to the airline last week. The second
aircraft was delivered today, and the third remaining aircraft is
expected to deliver toward the end of August. The 737-800s are
configured in a single economy class layout and will be operated on
Nordwind's domestic routes.

"We are pleased to welcome our new customer, Nordwind Airlines, to CDB
Aviation's growing European customer network," said CDB Aviation Chief
Executive Officer Peter Chang. "With the addition of three new 737-800s,
our colleagues at Nordwind will be able to further advance their fleet
expansion strategy in response to growing demand on the domestic air
travel market. We are thankful to be Nordwind's partner, and we look
forward to building a strong, long-term partnership that will support
the carrier's continual growth."

"Nordwind is currently in a very advantageous position in the Russian
market, operating domestic and international regular flights, and this
position has by now been recognized among our competitors. The main goal
is to form a younger, well-balanced fleet, which consists of the most
popular aircraft models," commented Nordwind Airlines Vice Chairman Oguz
Senol Yuce.

"Nordwind's partnership with CDB Aviation is a great contribution to
this challenge, and we are looking for an even stronger relationship in
the future. We are glad to welcome three brand new Boeing 737-800
aircraft. This delivery will be an important step in our overall fleet
growth strategy, enabling us to expand our network and strengthen our
operations. Working with CDB Aviation has been a pleasure, and we are at
a start of a mutually fruitful and enjoyable cooperation. I would like
to also extend my gratitude to Boeing and all of the participants
involved in this project," added Yuce.

About Nordwind Airlines

Nordwind Airlines LLC ("NORDWIND") is in Top 10 Russian airlines in
terms of passenger turnover. Its flight geography includes 200
destinations to Russian cities and foreign countries. The scheduled
flights are performed from Sheremetyevo airport. In 2017 Nordwind
created the widest network of flights from a number of domestic
destinations. The number of passengers transported by scheduled flights
for year 2017 is 3.5 times larger than in year 2016, i.e. more than 3.5
mln. passengers. The airline's fleet comprises 22 aircraft of the
following types: Boeing 737, Boeing 777, Airbus A330 and Airbus A321.
Nordwind is the winner of Skyway Service Award as "Best Airline" for
international charter flights 2017, "The Best Charter Airline 2013"
according to the judges of "Wings of Russia" contest and the 221st place
in top-500 of Russian business leaders according to
RosBusinessConsulting. International standards, renovated aircraft and
much more – all for you to feel comfortable in flight. https://nordwindairlines.ru/en

About CDB Aviation

CDB Aviation Lease Finance DAC ("CDB Aviation") is a wholly owned Irish
subsidiary of China Development Bank Financial Leasing Co., Limited
("CDB Leasing") a 34-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.

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). www.CDBAviation.aero

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