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Feature: Emerging Cautiously
06 March 2010
With China's prominence in the global economy, aviation clients expect China to step up its financing of international deliveries. However, Chinese banks and leasing companies remain cautious about expanding too quickly, writes JoAnn DeLuna.
China is on most people's thoughts in the aviation industry. Over the past three years the country's strong economic growth, a recent ease in leasing laws and regulations, as well as the financial crisis have given Chinese lessors an opportunity to emerge as dominant international aircraft financiers.
While some of the larger Chinese leasing companies, such as CDB Leasing Co (CLC), Bank of Communications Finance Leasing and ICBC Leasing, are closer to a global expansion, others have a more cautious approach and regional expansion goals. Nonetheless, it is only a matter of time before Chinese lessors become major global players on the leasing stage.
Cautious approach
Many Chinese lessors approach leasing aircraft cautiously, whatever their size. When considering leasing internationally, lessors and investors in the industry say reputation plays a role in choosing clients. In other words, they are more likely to do business with well-known airlines rather...
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