Airbus, CDB Leasing sign aircraft financing MOU

Airbus and China’s CDB Leasing have agreed to cooperate on aircraft leasing and financing projects over five years, the Wall Street Journal reported. Airbus said CDS Leasing would provide up to US$4 billion in financing for airlines over five years according to a memorandum of understanding signed by the two companies. CDS Leasing will provide financing for all Airbus aircraft worldwide, and may buy several aircraft from Airbus to lease to airlines. Global financial uncertainty has left some airlines struggling to finance new aircraft deliveries as banks have become increasingly averse to shouldering new risk. CDB Leasing is a financing arm of China Development Bank.