Bombardier and China’s SPDB Financial Leasing sign MOU on financing cooperation

Bombardier has signed a memorandum of understanding (MOU) with China’s SPDB Financial Leasing (“SPDBFL”) which clears the way for SPDBFL to provide advance payment financing, delivery financing and leasing solutions to Bombardier customers acquiring Q-Series, CRJ Series and CSeries commercial aircraft, as well as Learjet, Challenger and Global business aircraft. The breadth of capital available from SPDBFL for Bombardier customers is up to US$500m. “With China being one of Bombardier’s key growth markets, this MOU places us in a stronger competitive position to recommend financing and leasing solutions for potential customers in the country, and is another positive step in reinforcing our domestic presence,” said Marc Meloche, Head of Structured Finance, Bombardier Commercial Aircraft. “We are very pleased with the sales momentum we have been gaining in China recently.”