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Embraer signs financing agreement with China's CBD Leasing

14-Dec-2009 9:59 AM

Embraer and CDB Leasing Co (CLC), signed (10-Dec-2009) an MoU for aircraft financing and leasing, which could reach as much as USD2.2 billion over the next three years. CLC is the major financial leasing company held by the China Development Bank (CDB). The deal is designed to enhance financing opportunities for acquiring Embraer aircraft in the China and abroad, focusing on developing regional aviation in China. [more]