Bombardier Aerospace says it has signed a memorandum of understanding with one of China's top leasing companies.
Bombardier says the deal clears the way for CLC Leasing Co. to offer predelivery payment financing, delivery financing and leasing solutions to customers of Bombardier C Series, Q400 and CRJ aircraft.
In a statement released early Tuesday, Bombardier says the breadth of capital available from CLC for domestic and international transactions of Bombardier aircraft is up to $3.85-billion (U.S.).
"The financial resources of CLC put Bombardier in a stronger competitive position to recommend financing and leasing solutions for potential customers in China and elsewhere," said Gary R. Scott, president, Bombardier Commercial Aircraft.
"The benefits of the MOU are mutual, as both CLC and Bombardier are constantly looking to satisfy the needs of airlines and operators seeking optimized aircraft solutions, particularly those offered by Bombardier," said Wang Chong, chairman of CLC.
Canadian transportation giant Bombardier manufactures commercial aircraft and business jets along with rail transportation equipment, systems and services.