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Bombardier and ICBC Financial Leasing sign MOU worth up to USD8bn

4-Mar-2011 9:36 AM

Bombardier Aerospace signed (03-Mar-2011) an MoU with ICBC Financial Leasing. The agreement clears the way for ICBC Leasing to provide Bombardier’s customers with advance payment financing, delivery financing and leasing solutions for Q-Series, CRJ Series and CSeries commercial aircraft, as well as Learjet, Challenger and Global business aircraft. The capital available from ICBC Leasing totals up to USD8 billion, for domestic and international transactions.The MoU also covers financing for Bombardier Aerospace, as well as its current and potential future subsidiaries and affiliates, in the areas of maintenance, service and production, and allows ICBC Leasing to provide Bombardier with credit facilities, hedging and settlement services for general requirements through affiliates of ICBC. [more]