Posted on: 08 February 2012 by Ross McSweeny
Bombardier Aerospace and AVIC International Leasing Company (AVIC Leasing) have announced a Memorandum of Understanding (MoU) for an expanded co-operation to support the financing of commercial aircraft sales in China and globally.
The MoU was one of several agreements signed at the Canada China Business Forum held in Beijing.
AVIC Leasing, a subsidiary of Aviation Industry Corporation of China (AVIC), is a lease financing company with substantial assets and a rapidly growing aircraft fleet.
“Bombardier’s portfolio of commercial aircraft is well positioned to meet China’s rapidly growing air transport infrastructure, and AVIC Leasing will use this MoU to work with airlines and develop solutions to their varied business requirements,” said Zhao Hong Wei, president, AVIC Leasing.
“This MoU provides AVIC Leasing and Bombardier increased opportunities to grow their businesses by providing airlines with optimised aircraft and financing solutions in China and elsewhere,” explained Mairead Lavery, vice-president, strategy, business development and structured finance, Bombardier Aerospace.
More than 80 Bombardier-produced aircraft, including CRJ Series and Q-Series commercial aircraft, as well as Learjet, Challenger and Global business jets, are currently operating in China.