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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.
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[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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