China's CDB Leasing (CLC) has signed an agreement with Embraer to provide aircraft financing and leasing services to the airframer's potential customers.
The memorandum of understanding could cost as much as $2.2 billion over the next three years, says the Brazilian airframer.
CLC is one of China's largest financial leasing companies, and is owned by the China Development Bank.
"The deal is designed to enhance financing opportunities for acquiring Embraer aircraft in the People's Republic of China and abroad, focusing on developing regional aviation in China," says Embraer.
CLC may also consider purchasing aircraft directly from Embraer for future leasing opportunities, it adds.
Source: Air Transport Intelligence news
