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Exclusive from Beijing conference

25 June 2009

On the first morning of the China Airfinance conference, delegates were told that Chinese banks will increase their lending activity and look to finance aircraft internationally, as the aviation centre of gravity shifts from West to East.

Read more: [China] [ICBC] [ICBC Leasing] [Pembroke] [Southwest Airlines] [Spring Airlines] [Air Asia]

China is an expanding aviation market, but Chinese banks will have to increase their lending activity, delegates were told at the seventh annual China Airfinance conference.

“There will be a shift from the West to the East over the next several decades,” said chairman Garry Burke, CEO, Pembroke in his opening remarks at the Beijing conference.

With one out of every 10 aircraft in the order backlog ordered by a Chinese airline, the country is becoming increasingly more important in the aviation market. Not only will airlines play a greater role in the development of the sector over the...


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If this story was real, I would be among the first to know. Our management strategy is very much about acquiring assets and not investing in companies.

Johnny Lau, global head of aviation finance at ICBC Leasing, talking about rumours that his bank is bidding for ILFC.