BOCOM Leasing Delivered the First A320neo Aircraft to China Eastern Airlines in Lingang Special Area

infodate:2022.10.17

On September 23, 2022, the first A320neo aircraft cooperated by BOCOM Leasing and China Eastern Airlines (CEA) was successfully delivered at Airbus (Tianjin) Final Assembly Co., Ltd.

 

This A320neo aircraft is the first A320neo aircraft introduced by CEA under direct lease from BOCOM Leasing, and is also the 600th aircraft assembled and rolled out by Airbus in Tianjin. It is provided to CEA through the Project Company established by BOCOM Leasing in Lingang Special Area of China (Shanghai) Pilot Free Trade Zone under an operating lease. The A320neo aircraft is a new generation of mainstream narrow-body passenger aircraft, which will help the airlines further improve operational efficiency, reduce fuel consumption and fulfill its commitment to low-carbon and sustainable development.

Meanwhile, as the first aircraft leasing project launched by BOCOM Leasing in Lingang Special Area, the successful delivery of the aircraft is also a good interpretation of BOCOM Leasing continuing to give play to its home advantages in Shanghai, actively fulfilling its commitments under the agreement, deeply promoting the leasing project, and constantly accumulating strength for the development of China's transportation industry, as well as promoting the construction of "five centers” in Shanghai after signing a strategic cooperation agreement with the Administrative Committee of Lingang Special Area at the end of 2021 and landing the first SPV cross-border container leasing innovation project in the financial leasing industry in China.

 

As the first financial leasing company in China to carry out aircraft leasing business in China (Shanghai) Pilot Free Trade Zone, BOCOM Leasing has made full use of the policy advantages of Shanghai and the Pilot Free Trade Zone to actively carry out business innovation, launched a number of "first order" businesses in the Zone, and continued to carry out diversified and multi-level business innovation. At present, 40 aircraft are leased in China (Shanghai) Pilot Free Trade Zone. The business model created by BOCOM Leasing provides an example for industry development and the construction of the Pilot Free Trade Zone. BOCOM Leasing started the strategic transformation of aviation business specialization and internationalization earlier, and has accumulated rich and mature experience. With China (Shanghai) Pilot Free Trade Zone as the carrier, it continues to deepen the local aircraft leasing business in Shanghai, actively helps the development of the national aviation manufacturing industry, and strives to become a leader in financial reform and innovation. BOCOM Leasing has carried out extensive business cooperation with China Eastern Airlines, Shanghai Airlines, China Cargo Airlines, Juneyao Airlines and its subsidiary 9 Air, as well as Spring Airlines and other local airlines in Shanghai, to support their capacity introduction and business development, and has leased a total of 40 aircraft to them, with the cooperation amount exceeding RMB 12 billion.

BOCOM Leasing will continue to strengthen its political leadership, study and implement the relevant important speeches and instructions of General Secretary Xi Jinping on the development of Shanghai, give full play to the advantages of home base in Shanghai, and better integrate into the economic and social development of Shanghai, to accelerate the construction of "five centers" in Shanghai, especially the building of the shipping center, and contribute more to the enhancement of urban capacity and core competitiveness of Shanghai.


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