AVIC Leasing, Bombardier Sign MOU for Aircraft Financing

Bombardier and AVIC International Leasing of China today announced a memorandum of understanding (MOU) for an expanded co-operation to support the financing of commercial aircraft sales in China and globally.

AVIC Leasing, a subsidiary of Aviation Industry Corporation of China (AVIC), is a lease finance company with substantial assets and a rapidly growing aircraft fleet.

“Bombardier’s portfolio of commercial aircraft is well positioned to meet China’s rapidly growing air transport infrastructure, and AVIC Leasing will use this MOU to work with airlines and develop solutions to their varied business requirements,” said Zhao Hong Wei, president, AVIC Leasing.

“This MOU provides AVIC Leasing and Bombardier increased opportunities to grow their businesses by providing airlines with optimized aircraft and financing solutions in China and elsewhere,” said Mairead Lavery, vice president, strategy, business development and structured finance, Bombardier Aerospace.