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31-Mar-2010 9:01 AM

Bombardier and China's CDB Leasing sign MOU on financing cooperation

Bombardier Aerospace and CDB Leasing Co (CLC) signed (30-Mar-2010) a MoU, clearing the way for the Chinese leasing company to offer pre-delivery payment financing, delivery financing and leasing solutions to customers of Bombardier CSeries, Q400 and CRJ aircraft. The breadth of capital available from CLC for domestic and international transactions of Bombardier aircraft is up to USD3.85 billion, which Bombardier expects will strengthen its competitive position and accelerate sales in the Asia Pacific region. [more]