(Beijing – May 4, 2023) AerDragon Aviation Leasing Company Limited (“AerDragon”) is pleased to announce that, as part of the purchase agreement with JLPS Ireland Limited (“JLPS”) announced previously, it acquired and delivered one A330-900 on lease to Cebu Pacific, the Philippines’ largest airline and the leading low-cost carrier in the country.  Nord LB and MUFG provided financing for the purchase.

“We are delighted to welcome Cebu Pacific to AerDragon’s growing list of customers and, with the A330-900, to support Cebu Pacific’ sustainability and eco-friendly commitment. We look forward to building a long-lasting partnership with each other.” said Gang Li, AerDragon’s Chief Executive Officer.

About AerDragon

AerDragon was established in October 2006 and has a current customer base covering China and the rest of Asia, Europe and Central and South America. It offers a range of services including aircraft leasing, trading, and asset management.

About JLPS

JLPS was established in 2019 as the inhouse asset manager and originator for its parent company JP Lease Products & Services Co., Ltd. JLPS has a portfolio of 114 aircraft, managed and committed, valued in excess of $5bn.

About Cebu Pacific

Cebu Air, Inc., doing business as Cebu Pacific, is the Philippines’ largest airline. Cebu entered the aviation industry in March 1996, pioneering the “low fare, great value” strategy.  Cebu currently has a fleet of 74 aircraft which is one of the youngest aircraft fleets in the world.

About Nord LB

With specialist teams based in Hannover, London, New York and Singapore, Nord LB truly established a global network which is the basis of its close relationships with their clients that enables Nord LB to develop tailor-made financing solutions based on their specific requirements. Their financial solutions also promote mobility and support the global transport of people and goods. Their focus is on modern and fuel-efficient aircraft types that foster sustainable and economic forms of airtransport.

About MUFG

MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning around 50 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide. MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,100 locations in more than 50 markets. The Group has about 160,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

Media Contact:

Mr. Zhou Ningning

Tel +86 10 64107210

AerDragon@aerdragon.cn