Industrial and Commercial Bank of China

August 30, 2012 - 10:13am

China’s ICBC Leasing has signed a firm order with Airbus covering a total of 50 A320-family narrowbodies, including 30 current-generation A320s and 20 A320neos.

April 24, 2012 - 6:00pm
Embraer Inks Aircraft Financing MoU with China’s ICBC

Embraer and Beijing-based ICBC Financial Leasing signed a memorandum of understanding (MoU) today on aircraft financing and leasing for the sale of Embraer airliners and business jets in China and other markets. Under the MoU, total program support could amount to as much as $2.5 billion over the next five years.

March 28, 2012 - 1:20am
Minsheng Financial Leasing

It came as no surprise to industry watchers that Minsheng Financial Leasing Co. Ltd. (MSFL) won the recent Corporate Jet Investor (CJI) award for Asian Business Jet Financier of the Year. MSFL has so far signed agreements for, and placed nonrefundable deposits on, more than 100 private aircraft acquisitions in China. The firm’s total registered capital is RMB five billion ($790 million).

March 28, 2011 - 5:50am

The Asian Business Aviation show formed a key facet of March’s Asian Aerospace show in Hong Kong. It attracted some 5,300 visitors–including some of China’s fast-growing group of billionaires–who had 22 business aircraft to examine.

March 26, 2011 - 6:15am

Chinese companies are at the forefront of efforts to provide the capital needed to expand that country’s business aircraft fleet via finance and operating leases. Beijing-based Minsheng Financial Leasing has already acquired 32 jets and expects all of these to be in service with operators in China by year-end–at which point it intends to have extended its portfolio of aircraft ordered to around 50.

March 8, 2011 - 7:14am

Bombardier Aerospace late last week signed a memorandum of understanding (MOU) with ICBC Financial Leasing, a wholly owned subsidiary of Industrial and Commercial Bank of China, to provide up to $8 billion in financing for Learjet, Challenger and Global business jets, as well as for the Canadian manufacturer’s airliners.

June 29, 2009 - 5:04am
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Airbus hopes to help loosen the grip of tight-fisted credit outlets with an MoU it signed this month with the world’s largest bank, China’s ICBC, to collaborate on aircraft financing and management activities. The deal would involve the structuring of operating and finance lease transactions, portfolio management and aircraft placement remarketing.

 
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