Airbus and CDB Leasing sign tentative financing accord

AIRBUS and CDB Leasing, the financing arm of the China Development Bank, have agreed to cooperate on financing over five the next five years, reports the Wall Street Journal.

Airbus said CDS Leasing would provide up to US$4 billion in financing for airlines over five years according to a memorandum of understanding signed by the two companies. CDS Leasing will provide financing for all Airbus aircraft worldwide, and may buy several aircraft from Airbus to lease to airlines.

Financial uncertainty has left some airlines struggling to finance new aircraft deliveries as banks have become increasingly risk averse.

(Source: www.schednet.com)