Bombardier announced it signed a memorandum of understanding (MOU) with China’s SPDB Financial Leasing 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 $500 million.

“Dating back to the 1970s, Bombardier’s involvement with China’s aerospace industry has grown to include a significant fleet of business aircraft,” added David Vandenberg, Head of Structured Finance, Bombardier Business Aircraft. “Agreements such as this memorandum are instrumental in supporting our long-term objective to grow our business further in the region.”