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Bombardier and CDB Leasing sign MOU on financing co-operation

Bombardier Aerospace has signed a memorandum of understanding (MOU) with one of China’s top leasing companies, CDB Leasing Company (CLC) which clears the way for CLC 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 $3.85 billion. "The financial resources of CLC put Bombardier in a stronger competitive position to recommend financing and leasing solutions for potential customers in China and elsewhere," remarked Gary Scott, president, Bombardier Commercial Aircraft.

"The benefits of the MOU are mutual, as both CLC and Bombardier are constantly looking to satisfy the needs of airlines and operators seeking optimised aircraft solutions, particularly those offered by Bombardier," said Wang Chong, chairman of CLC.

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