ICBC Financial Leasing continues as company of the week while we look at an interesting sequestration story

Remember what we said here last week: If ILFC, ACG, GECAS and others pull back from India then the Chinese will be waiting and will take the fruits of relationships down the line. Western lessors have suffered greatly and they may need to suffer more to get to the pot of gold down the line in India, with luck airlines will look at the Indigo model and take note at some point. This week has been all about ICBC Leasing, yesterday it was PAL, today it is AirAsia Bhd. ICBC Financial Leasing has signed a memorandum of agreement (MoA) today