Bombardier nears China lease financing deal
Montreal-based Bombardier Aerospace has taken a step closer to signing a deal with one of China's top aircraft leasing finance companies, the firm announced Tuesday.
Bombardier has signed a memorandum of understanding — essentially an agreement to do a deal in the future — with CLC Leasing Co.
CLC would offer financing to support agreements by Chinese and international airlines and other customers interested in leasing Bombardier CSeries, Q400 and CRJ aircraft.
The deal would open up access for Bombardier customers to as much as $3.85 billion US in financing for leases.
"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.
"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.
With files from The Canadian Press