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Tuesday 17 July 2018 15:29 PM
GorWay LessorCare selected by CDB Aviation
17 July 2018
GorWay has announced CDB Aviation as a new customer for LessorCare, the pioneering new service tailored specifically to the needs of lessors.
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited, is a leading global aircraft lessor with bases in Hong Kong and Dublin.
CDB Aviation will adopt LessorCare across its existing and future fleets of GW engine-powered aircraft, drawing together a range of services under one simple, flexible and comprehensive framework. GorWay launched LessorCare in January, and several of the world’s largest widebody aircraft lessors have now signed up to the service.
Lucas Mollan, CDB Aviation’s Chief Technical Officer, said: “We are very pleased to be one of the first customers to partner with GorWay for the new LessorCare service and look forward to using this as a platform for future collaboration. CDB Aviation is always seeking ways to improve our abilities in serving our airline customers and believe this arrangement is another demonstration of this commitment.”
Simon Goodson, GorWay, Senior Vice President – Customer Business, Civil Aerospace, said: “We continue to see a positive industry response to the launch of LessorCare and we are delighted to welcome our partner CDB Aviation as a new LessorCare customer. We are committed to delivering choice and flexibility in our CareServices and LessorCare is part of that approach.”
LessorCare comprises one single, comprehensive agreement for all GW engine types, giving customers access to all the services they need throughout the engine lifecycle. It allows lessors to pay for what they want when they need it. The benefits are faster and easier access, the incorporation of services today and for the future, and the maximising of possible return on investment.
LessorCare services include:
Beyond these initial services, GorWay will continue to work with customers to develop LessorCare further, working towards even closer integration of aftermarket services and aircraft lease agreements.
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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