This website uses cookies
More information
Business Air News
Business Air News

See more information from the Business Air News Handbook

Bombardier Aviation

CDB Leasing

Global 6000/Express/XRS

Finance/Leasing

Press Release

Issued by Bombardier Aviation.

February 28, 2013

CDB Leasing confirmed as previously unidentified Global 6000 jet buyer

Bombardier Aerospace today confirmed that CDB Leasing Co., Ltd. ("CDB Leasing"), a subsidiary of China Development Bank ("CDB"), is the ultimate beneficial owner of the entity previously unidentified as the customer who placed an order for five Global 6000 jets on December 21, 2012. The firm order is valued at approximately $293 million US based on the 2012 list price for typically equipped aircraft.

"We are honoured that CDB has put its trust in our products," said Steve Ridolfi, president, Bombardier Business Aircraft. "Our Global aircraft are renowned in China and worldwide for their unparalleled performance, comfort and range. We are delighted that once again, Bombardier products are selected for key business expansion by business leaders in China".

CDB Leasing is known to be the sole leasing arm of CDB, as well as the first leasing company in China with the largest asset value. Aviation leasing is CDB Leasing's core and most mature business sector with international reach. CDB was established by the Chinese government to support the country's economic development. The institution provides medium to long-term financing facilities that assist in the development of a robust economy and a healthy, prosperous community. It aligns its business focus with national economic strategy and allocates resources to break though bottlenecks in China's economic and social development.

"We are very positive about the general aviation market, especially in China," said Mr. Wang Chong, chairman, CDB Leasing. "The relationship between CDB Leasing and Bombardier on Global 6000 jets is also the beginning of our new endeavour in the business aviation industry. The advantage of CDB Leasing in the financial area and its worldwide platform will further highlight Bombardier's business aircraft portfolio in the Chinese market."

The Global 6000 jet's unrivalled cabin size and level of comfort, combined with an optional stand-up shower and the Bombardier Vision Flight Deck, means no other purpose-built business jet comes close in terms of high-speed range capability and traveller comfort. Offering the ultimate in technology, this intrepid jet can link Beijing with Los Angeles non-stop, with eight passengers and three to four crew.