Embraer and CDB Leasing Co., Ltd.(CLC), headquartered in Shenzhen, People’s Republic of China, signed a Memorandum of Understanding (MoU). This agreement for aircraft financing and leasing could come to as much as 2.2 billion USD over the next three years.
CLC is the major financial leasing company held by the China Development Bank (CDB),
and one of the most important international aviation financing institutions. CDB is a stateowned financial institution that maintains the same credit rating as the Government of China.
The deal is designed to enhance financing opportunities for acquiring Embraer aircraft in the People’s Republic of China and abroad, focusing on developing regional aviation in China. “We are proud to sign this Memorandum with one of the world’s most important financial institutions,” said Paulo César Silva, Embraer Senior Vice President, Sales Financing. “Our agreement with CDB Leasing entails the expertise, skills and reputation of a global bank to support our customers in China and the worldwide regional aviation market with unparalleled quality and creativity.”
Besides sharing experience in aircraft financing and portfolio management, CDB Leasing will provide financial solutions that better suit the airlines’ needs. The company may also consider purchasing aircraft directly from Embraer for future leasing opportunities. In any case, Embraer will indicate prospective customers to CDB Leasing, at its iscretion, and will provide the specified customer assessment.
“Embraer is an important global strategic partner of CDB Leasing. We are looking forward
to closer cooperation with Embraer in the global market. CDB Leasing will provide Embraer
with comprehensive and high-quality financial services,” said Wu Rongyang, Vice President
of CDB Leasing Co., Ltd.