Peter Chang to lead CDB Aviation Lease Finance
January 12th 2017: Industry veteran Peter Chang, who has been appointed President and CEO, will lead CDB Aviation Lease Finance into the next phase of growth as the lessor aims to build a world-class, industry-leading management team and expand its focus beyond China.
CDB Leasing Chairman Wang Xue Dong commented on Mr. Chang’s appointment by expressing his and the Board’s excitement to “welcome Peter as the new leader of our aircraft leasing platform. Our company’s promising future, backed by the resources of the China Development Bank, is in the hands of an experienced industry leader who not only was the first to start aircraft operating leasing in China but who also has a proven track record for growing companies and increasing their value by building strong teams and expanding into new markets. Peter’s familiarity with both Chinese and Western cultures will establish a solid foundation to move CDBALF strategically forward.”
Mr. Chang has spent nearly four decades in the aviation industry, serving in executive positions with companies in manufacturing, sales, and leasing. Mr. Chang participated in the McDonnell Douglas (“MD”) – China MD-82 co-production program and successfully marketed MD aircraft. He was the first to start aircraft operating leasing in China while serving as Managing Director for Guinness Peat Aviation (“GPA”). He founded China Aviation Marketing Services, a China-focused consulting firm, which represented aviation entities such as: FedEx, Rockwell Collins, ATR, Gulfstream, GPA, Thompson, Boullioun Aviation Services, Aviation Capital Group, Singapore Aircraft Leasing Enterprise, and more. He also served as Executive Vice President for Aircastle Advisers and International Lease Finance Corporation. Prior to joining CDBALF, he was Principal for China Aviation Advisors Group.
“I'm honored and humbled for this tremendous opportunity to lead CDBALF into the next stage of expansion and growth. It is a unique opportunity to bridge and develop a new and dynamic global aviation leasing business that will help our industry innovate and benefit our airline customers,” said CDBALF President & Chief Executive Officer Peter Chang. “I look forward to utilizing my extensive aviation and leasing experience, and as importantly, my background and respect for the Chinese culture, in combination with the significance and resources of the China Development Bank, to broaden the reach of this company and ensure its future success in serving airlines globally, beyond the Chinese markets.”