SHANGHAI, May 4, 2017 /PRNewswire/ — Ping An International Financial Leasing Co., Ltd (“Ping An Leasing”) has delivered an Airbus A350-900XWB wide-body aircraft on sale and leaseback to Ethiopian Airlines on April 28, 2017 in Toulouse.

The transaction was completed by its wholly-owned Dublin-based subsidiary, Ping An Aircraft Leasing and represents the first wide-body aircraft in its portfolio and also its first sale and leaseback in Africa.

The aircraft is the first delivery from sale and lease back arrangement for two A350-900 delivering in 2017 between Ping An Aircraft Leasing and Ethiopian Airlines.