Dragon Aviation Leasing receives first Airbus aircraft

Dragon Aviation Leasing Company Limited, a Beijing-based aircraft leasing company, took delivery of its first directly purchased Airbus aircraft. The aircraft, the first of 13 A320s that the company has ordered, is leased to Air France. The company is a joint-venture of China Aviation Supplies Holding Company (CAS), AerCap and Calyon Airfinance. Dragon Aviation Leasing was created 2006 in response to the development of the aviation industry in China. The new aircraft leasing company aims at answering worldwide market demand for aircraft, focusing on China and other Asian countries.