CALC signs agreement with China Development Bank
With an expected amount up to RMB10 billion
CALC announces that China Asset Leasing Company Limited (“China Asset Leasing”), a wholly-owned subsidiary of the Group, has signed a strategic cooperation agreement with the Tianjin Branch of China Development Bank (“CDB”), with an expected amount up to RMB10 billion.
The strategic cooperation is mainly intended for key projects related to aircraft leasing which align with the “Belt and Road” initiatives, covering aircraft financing, working capital loans (as pre-delivery payments), asset-backed securitization projects, as well as financing for CALC’s aircraft recycling arm ARI.
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