$500m Finance For Bombardier Customers

Bombardier has signed an MoU with Chinese lessor SPDB Financial Leasing (SPDBFL) which should lead to up to $500m of finance for the OEM’s customers

Bombardier has signed an MoU with Chinese lessor SPDB Financial Leasing (SPDBFL) which should lead to up to $500m of finance for the OEM’s customers.

SPDBFL, which was set up in 2012 and currently boasts assets of $4.9bn, is set to provide advance payment financing, delivery financing and leasing options to airlines buying Q-Series, CRJ and CSeries aircraft, as well as Bombardier’s business jet customers.

“With China being one of Bombardier’s key growth markets, this MOU places us in a stronger competitive position to recommend financing and leasing solutions for potential customers in the country,” said Marc Meloche, head of structured finance at Bombardier commercial aircraft.

The news of the deal with SPDBFL came as Abu Dhabi-based Falcon Aviation Services placed a firm order for three additional Q400 NextGen aircraft and Egypt’s Petroleum Air Services ordered one next generation CRJ900.

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