Airbus and CDB Leasing Co Ltd sign MOU on aircraft financing solutions

Airbus signed (26-Jan-2010) an MoU with the CDB Leasing Co Ltd (CLC) on cooperation in aircraft financing and leasing. Under the MoU, CLC, one of China's leasing companies, will provide aircraft delivery financing solutions to airlines for the acquisition of aircraft ordered from Airbus. CLC will provide financing support by way of sale and leaseback transactions with its airline customers in the amount of up to USD4 billion over the next five years for all Airbus aircraft types, including aircraft assembled at the Airbus Final Assembly Line China (FALC) as well as Airbus' Final Assembly Lines in Europe. CLC is also considering purchasing a certain number of aircraft directly from Airbus for future leasing needs of airlines worldwide. [more]