December 13, 2009
Brazil’s Embraer has become the latest LatAm company to engage one of China
Brazil’s Embraer has become the latest LatAm company to engage one of China’s government lenders, through an aircraft financing and leasing agreement from an arm of the China Development Bank of up to $2.2bn. The aircraft maker has signed a memorandum of understanding with CDB Leasing for aircraft lending and financing in China over the next 3 years, it says. The bank will provide financing for Embraer customers, and may also purchase aircraft directly for future leasing opportunities.