Airbus signed a Memorandum of Understanding with the CDB Leasing Co., one of China’s leading leasing companies, on cooperation in 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 endeavour 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
