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CDB Aviation and Loong Air Execute Lease Deal for Six A321neo Aircraft » World Business Outlook

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced the execution of new lease agreements for six Airbus A321neo aircraft with its Chinese airline customer, Zhejiang Loong Airlines Co., Ltd. (“Loong Air”).
The Hangzhou-headquartered carrier is expected to take delivery of the aircraft in 2027 from the lessor’s order book. Renowned for its fuel efficiency, reduced carbon emissions, and extended range capabilities, the A321neo, the largest member of Airbus’ A320neo family, is well suited to enhance Loong Air’s operational efficiency and sustainability goals.
“We are pleased to strengthen our partnership with Loong Air through this transaction, which underscores our commitment to supporting the growth of China’s aviation sector,” said Jie Chen, Chief Executive Officer of CDB Aviation. “The A321neo’s superior economics and passenger comfort align perfectly with Loong Air’s vision of expanding its domestic, international and regional network.”
Established in 2011, Loong Air operates a fleet of over 70 Airbus A320-family aircraft, serving major Chinese cities and select international routes. The addition of the A321neos will enable the airline to boost capacity on high-demand routes while maintaining its focus on cost efficiency and environmental responsibility.
“This agreement marks another milestone in Loong Air and CDB Aviation’s strategic partnership of more than 10 years,” commented Qihong Liu, Chairman of Loong Air. “We also hope to continue to explore new opportunities for cooperation with CDB Aviation and jointly promote innovative development in the future. The A321neo’s enhanced performance and cabin flexibility will allow us to offer an elevated travel experience to our passengers, while supporting our long-term sustainability objectives.”
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‘This Is Not Okay’: Alaska Airlines Fleet Grounded Due To ‘IT Outage’, Passengers Stranded | World News

Last Updated:
The airline said it experienced an “IT Outage” that resulted in a temporary, system-wide ground stop” for all flights. It was resolved, but not before leaving passengers stranded.
All flights of Alaska Airlines were grounded briefly after an IT outage. (AFP)
Alaska Airlines was hit by an “IT outage” on Monday, forcing the airline to ground all aircraft till operations went back to normal. The airline apologised for the disruption and urged travellers to check their flight status.
The airline said that around 11 pm ET (8:30 am Indian time), it experienced an “IT Outage that resulted in a temporary, system-wide ground stop for Alaska Airlines and Horizon Air flights.” Horizon Air is the Alaska Air Group’s subsidiary serving mainly the Pacific Northwest and Alaska.
Alaska Airlines later resumed operations, saying that it will take some time for overall operations to get back to normal. The ground stop was lifted at 2 am (11:30 am IST), but not before leaving several passengers stranded.
A ground stop is an air traffic control measure that restricts certain planes from taking off and requires them to remain on the ground, according to the FAA, causing potential travel disruptions and delays.
The US Federal Aviation Administration (FAA) status page showed all destinations affected by the halt of Alaska’s mainline aircraft. “We apologise for the inconvenience,” Alaska Airlines said. “As we reposition our aircraft and crews, there will most likely be residual impacts to our flights.”
Alaska Airlines has resolved its earlier IT outage and has resumed operations. We sincerely apologize for the inconvenience, and encourage guests to check your flight status before heading to the airport.— Alaska Airlines (@AlaskaAir) July 21, 2025
Backlash From Passengers
The ground stop drew a fierce backlash from passengers who were stranded for hours. “This is brutal. We’ve been sitting at the airport for two hours,” wrote a user on X. “It’s 10:20 pm, people are tired, hungry, etc. This is not okay.”
Video from a passenger aboard a grounded flight at Seattle–Tacoma International Airport shows travellers waiting to deplane as a crew member is heard apologising on the PA system and calling it a “very, very frustrating night”.
“As soon as we landed, we moved to the middle traffic lane, and they let us know there was a malfunction in the computer system,” Chris Fabregas, a passenger who had flown in from Nashville, told CNN.
Last year, Alaska Airlines had experienced a similar IT outage that caused significant disruption to its operations, including delayed flights. Multiple users had complained that they were facing difficulties accessing its app and website.
The incident also comes more than a year after a door plug section of a newly delivered Boeing 737 Max 9 blew out during an Alaska Airlines flight between Portland, Oregon and Ontario, California in January last year, which caused several Boeing aircraft operated by US airlines to be grounded.
(with agency inputs)
Aveek Banerjee is a Senior Sub Editor at News18. Based in Noida with a Master’s in Global Studies, Aveek has more than three years of experience in digital media and news curation, specialising in international…Read More
Aveek Banerjee is a Senior Sub Editor at News18. Based in Noida with a Master’s in Global Studies, Aveek has more than three years of experience in digital media and news curation, specialising in international… Read More
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‘Western Media Promoting Own Viewpoint…We Stand By Truth’: Aviation Minister On Air India Crash | Mobility News

New Delhi: Union Civil Aviation Minister Kinjarapu Rammohan Naidu on Monday backed the Aircraft Accident Investigation Bureau’s (AAIB) and added that the agency is unbiased in its investigation of the Air India plane crash. He also blasted the Western media, accusing them of promoting their own viewpoint over the tragic accident. Speaking in the Lok Sabha, the Minister raised concerns about biased narratives around the incident. He pointed out that some international reports appear to promote specific viewpoints, and stressed that India relies only on facts.
Lauding the AAIB, Naidu said that the agency is “unbiased”. “I want to say to the country that AAIB has a thorough rule-based process and they are totally unbiased”, the Union Minister said, adding that, “I have seen multiple articles not only by the Indian media but also by the Western media trying to promote their own viewpoint. The way we are seeing the investigation is through facts. We want to stand by the truth. And that will only be revealed when the investigation is complete.”
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