TORONTO, ONTARIO --- Bombardier Aerospace today announced that it has signed a memorandum of understanding (MOU) with one of China's top leasing companies, CDB Leasing Co. (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 US.
"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," said Gary R. Scott, President, Bombardier Commercial Aircraft.
"Today marks the beginning of an important new business relationship between Bombardier and CLC. The memorandum will support our long-term objective to grow our business in China and the Asia-Pacific region," noted Mairead Lavery, Vice President, Strategy & Business Development and Structured Finance, Bombardier Aerospace.
"The benefits of the MOU are mutual, as both CLC and Bombardier are constantly looking to satisfy the needs of airlines and operators seeking optimized aircraft solutions, particularly those offered by Bombardier," said Wang Chong, Chairman of CLC.
A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada.
Bombardier and China's CDB Leasing Co. Sign MOU on Financing Cooperation