Fri, Jan 29, 2010
CLC To Provide Financing Support For Airbus Operators
Worldwide
Airbus signed a Memorandum of Understanding Wednesday with the
CDB Leasing Co., Ltd. (CLC), one of China's leading leasing
companies, to cooperate on aircraft financing and leasing.
The MoU was signed by John Leahy, Airbus Chief Operating Officer
Customers, and Wang Chong, President of CLC, in Toulouse, France.
Airbus and CLC endeavor to share competence and experience to
cooperate on a variety of leasing and financing projects, such as
pre-delivery payment financing for Airbus aircraft, delivery
financing new and used Airbus aircraft and Passenger to Freighter
conversion projects.
Under the MoU, CLC will provide aircraft delivery financing
solutions to airlines around the world 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 four billion US dollars 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.
Furthermore, CLC is also considering purchasing a certain number
of aircraft directly from Airbus for future leasing needs of
airlines worldwide.
"The modern and advanced Airbus aircraft are valuable assets for
leasing companies at any time. We are proud to provide financing
solutions for customers worldwide to support the development of the
aviation industry, especially the aviation industry of China. At
the same time, through this cooperation, CLC will expand its market
share in the field of aviation leasing," said Wang Chong, President
of CLC.
"Airbus is always looking for ways to help its customers finance
their aircraft. Thanks to our close cooperation with CLC, we can
support airlines in taking delivery of the most eco-efficient and
advanced aircraft available today," said John Leahy, Airbus Chief
Operating Officer, Customers.
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