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Exclusive: ICBC Leasing deals

24 June 2009

The leasing subsidiary of ICBC has agreed an LOI with Sichuan Airlines– which took delivery of the first Chinese assembled A320 yesterday – for six sale/leaseback deals. It is also understood the leasing company closed its first transaction with a non-Chinese airline for a 747 freighter.

Read more: [ICBC Leasing] [ICBC] [Sichuan Airlines] [Dragon Aviaiton Leasing] [Airbus] [Tianjin] [A320]

ICBC Leasing has agreed a letter of intent (LOI) with Sichuan Airlines for six sale/leaseback deals for A320 family aircraft. Besides the LOI inked between ICBC Leasing and Sichuan, the airline agreed to name the first aircraft delivered from Tianjin as ICBC. The naming ceremony took place yesterday in the capital of Sichuan province Chengdu.

Additionally, it is understood that...


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It is even more important for us to support the industry this year than last year. We can put all criticism of Ex-Im Bank behind us if we do this right.

Bob Morin, vice president of transportation division at Americas Export-Import Bank, discussing the future of export credit agencies.