CALC signs new agreement with China EXIM Bank

Eleanor Steed
By Eleanor Steed September 26, 2016 12:55

CALC signs new agreement with China EXIM Bank

China Aircraft Leasing Group (CALC) has entered into a financing framework agreement with the Export-Import Bank of China (China EXIM Bank) where China Asset Leasing Company Limited, a wholly-own subsidiary of the Group, is expected to obtain a credit line from China EXIM Bank to import four aircraft.

The signing of this Agreement highlights China EXIM Bank’s continued funding support for CALC expansion of its client base to include both domestic and international airlines.

Since the Group entered into its first strategic cooperation agreement for a credit line of RMB 10 billion with China EXIM Bank in 2014, both parties have established a good long-term working relationship.

“We would like to thank China EXIM Bank for its confidence in and support for CALC,” said Winnie Liu, Deputy Chief Executive Officer and Chief Commercial Officer of CALC. “As a pioneer in China’s aviation financing industry, we are well positioned in the fast growing aircraft leasing industry. Going forward, we will continue to explore flexible and innovative financing channels and to provide full-value aircraft solutions for both domestic and international clients. In short, we will seize every opportunity to create sustainable growth and achieve our goal of becoming a top-tier aircraft service provider with a global reach by leveraging our competitive advantage as an industry leader.”

Eleanor Steed
By Eleanor Steed September 26, 2016 12:55