CMIG Aviation Capital, a Shanghai-based aircraft leasing company owned by China Minsheng Investment Group, has delivered a Boeing 737 MAX 8 aircraft to Jakarta's Lion Air, part of a multiple plane deal. The B737 MAX 8 is the aircraft manufacturer's newest technology narrow body trunk liner fitted with CFM-LEAP-1B engines that boast of enhanced fuel efficiency.

Said Lion Air CEO Edward Sirait: 'We are delighted to have CMIG as a lessor to the Lion Group and we look forward to expanding and strengthening this business partnership. As the largest domestic operator in Indonesia, safety and reliability are our top priorities. The 737 MAX has built upon our current 737's industry-leading reliability and is providing us with the highest level of air safety for our passengers.'

Lion Air Group has an in-service fleet of 299 aircraft that operates from bases in Indonesia, Thailand and Malaysia under five brand names and serves 200 destinations in 20 countries.

CMIG Aviation Capital is an aircraft leasing business headquartered in Tianjin, with footprints in Hong Kong, Ireland and Singapore. Its portfolio of 21 young, modern trunk-liner aircraft are on long-term lease to 15 airlines in eight countries and regions.