January 27, 2010

Chinese Skies: Southwest, British Airways Jets Financed by China

Airbus announced an agreement today with CDB Leasing, a leading leasing company in China, to cooperate in financing and leasing of Airbus jet planes worldwide. Under the agreement CDB Leasing will arrange financing solutions to airlines to buy Airbus planes. CDB Leasing is majority owned by Beijing's China Development Bank. Chinese banks are playing an increasingly important part in passenger plane financing. Already big Chinese banks including Bank of China and Commercial and Industrial Bank have financed planes operated by Southwest Airlines and British Airways. Reflect on that the next time you board....

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