CDB Aviation taps Ryan Barrett to lead commercial operations in Asia-Pacific

HONG KONG–(BUSINESS WIRE)–CDB Aviation, an Irish subsidiary wholly owned by China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today that the former head of GECAS Ryan Barrette joined its sales team as Sales Manager, Asia-Pacific.

The continued strengthening of the lessor’s commercial leadership is part of ongoing efforts to strengthen CDB Aviation’s strategic presence in key markets around the world. This appointment follows the recent arrival of Michelle Wu as Sales Manager, Greater China.

“Ryan is a highly regarded business executive with an extensive network of relationships in the global airline community that will enable us to capitalize on market opportunities and drive growth,” commented CDB Aviation Chief Marketing Officer Peter Goodman. “An in-depth understanding of airline-lessor dynamics, particularly in the areas of deal execution, agreement creation and negotiation, is essential to anticipating and meeting airline needs.”

Barrett’s two-decade career in aviation is rooted in his extensive knowledge of airline business models and the technical and financial aspects of aircraft. Barrett joins CDB Aviation from GECAS, where he held senior roles in sales and marketing. Most recently, he was Senior Vice President Commercial, responsible for the full lifecycle of leasing transactions and leading the lessor’s business development activities in the Middle East, Turkey and Africa. Barrett began his career with GE Aviation in the United States, where he held both technical and commercial roles, ending as Regional Sales Manager in Dubai, overseeing customer strategies and commercial campaigns for new aircraft sales. engines and MRO services in the Middle East. Barrett holds an MBA from the University of Cape Town and a Bachelor of Commerce from the University of South Africa (UNISA). He is an FAA certified Airframe and Powertrain Technician.

Ryan Barrett, the new Asia Pacific Sales Manager, expressed his excitement at “partnering with one of the industry’s leading rental platforms, hailed for its unwavering commitment to building relationships with long term. I look forward to leading our efforts in Asia-Pacific’s fastest growing markets, connecting with airline stakeholders in the region and leveraging the scale of our recognized world-class operations. to provide the best solutions.

Patrick Hannigan, Managing Director of CDB Aviation, said: “Ryan’s appointment demonstrates our platform’s unique position among lessors to attract the best talent in the industry. Ryan shares our team’s vision to bring the value and benefits of a true global full-service aircraft lessor, our shareholder and other stakeholders to support industry recovery while building for the future. ‘to come up.

Forward-looking statements

This press release contains certain forward-looking statements, beliefs or opinions, including with respect to the business, financial condition, results of operations or plans of CDB Aviation. CDB Aviation cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial conditions or performance measures could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate solely to historical or current facts. Forward-looking statements sometimes use words such as “may”, “will”, “seek”, “continue”, “aim”, “anticipate”, “target”, “project”, “expect”, “estimate ‘, ‘intend’, ‘plan’, ‘aim’, ‘believe’, ‘achieve’ or any other terminology or words with a similar meaning. These statements are based on the current beliefs and expectations of CDB Aviation’s management and are subject to significant risks and uncertainties. Actual results and outcomes may differ materially from those expressed in forward-looking statements. Accordingly, you should not rely on any forward-looking statements as a prediction of actual results and we assume no responsibility for the accuracy or completeness of any such forward-looking statements. Except as required by applicable law, we undertake no obligation to update and will not update any forward-looking statements, whether as a result of new information, future events or otherwise.

About CDB Aviation

CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), a 37-year-old Chinese leasing company backed primarily by the China Development Bank. CDB Aviation is rated Investment Grade by Moody’s (A2), S&P Global (A) and Fitch (A+). The China Development Bank is under the direct jurisdiction of the State Council of China and is the largest development finance institution in the world. It is also China’s largest bank for foreign investment and financial cooperation, long-term loans and bond issuance, enjoying a Chinese sovereign credit rating.

CDB Leasing is the sole leasing arm of China Development Bank and a leading company in the leasing industry in China which has engaged in the leasing of aircraft, infrastructure, ships, commercial vehicles and construction machinery and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and commercialize its business by listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606).

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