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Bombardier and CDB sign financing deal

March 30, 2010, Toronto – Bombardier Aerospace says it has signed a memorandum of understanding with one of China's top leasing companies.


March 30, 2010
By The Canadian Press

March 30, 2010, Toronto – Bombardier Aerospace says it has signed a
memorandum of understanding with one of China's top leasing
companies.

Bombardier says the deal clears the way for CLC Leasing Co. to
offer pre-delivery payment financing, delivery financing and leasing
solutions to customers of Bombardier CSeries, Q400 and CRJ aircraft.

In a statement released early Tuesday, Bombardier says the
breadth of capital available from CLC for domestic and international
transactions of Bombardier aircraft is up to US$3.85 billion.

"The financial resources of CLC put Bombardier in a stronger
competitive position to recommend financing and leasing solutions
for potential customers in China and elsewhere," said Gary R.
Scott, president, Bombardier Commercial Aircraft.

"The benefits of the MOU are mutual, as both CLC and Bombardier
are constantly looking to satisfy the needs of airlines and
operators seeking optimized aircraft solutions, particularly those
offered by Bombardier," said Wang Chong, chairman of CLC.

Canadian transportation giant Bombardier manufactures commercial
aircraft and business jets along with rail transportation equipment,
systems and services.