MONTREAL, QUEBEC -- (Marketwire) -- Editors' Note: There is a photo associated with this press release.
Bombardier Aerospace today confirmed that CDB Leasing Co., Ltd. ("CDB Leasing"), a subsidiary of China Development Bank ("CDB"), is the ultimate beneficial owner of the entity previously unidentified as the customer who placed an order for five Global 6000 jets on December 21, 2012. The firm order is valued at approximately $293 million US based on the 2012 list price for typically equipped aircraft.
"We are honoured that CDB has put its trust in our products," said Steve Ridolfi, President, Bombardier Business Aircraft. "Our Global aircraft are renowned in China and worldwide for their unparalleled performance, comfort and range. We are delighted that once again, Bombardier products are selected for key business expansion by business leaders in China".
CDB Leasing is known to be the sole leasing arm of CDB, as well as the first leasing company in China with the largest asset value. Aviation leasing is CDB Leasing's core and most mature business sector with international reach. CDB was established by the Chinese government to support the country's economic development. The institution provides medium to long-term financing facilities that assist in the development of a robust economy and a healthy, prosperous community. It aligns its business focus with national economic strategy and allocates resources to break though bottlenecks in China's economic and social development.
"We are very positive about the general aviation market, especially in China," said Mr. Wang Chong, Chairman, CDB Leasing. "The relationship between CDB Leasing and Bombardier on Global 6000 jets is also the beginning of our new endeavour in the business aviation industry. The advantage of CDB Leasing in the financial area and its worldwide platform will further highlight Bombardier's business aircraft portfolio in the Chinese market."
Global 6000 aircraft: The Global 6000 jet's unrivalled cabin size and level of comfort, combined with an optional stand-up shower and the Bombardier Vision Flight Deck, means no other purpose-built business jet comes close in terms of high-speed range capability and traveller comfort. Offering the ultimate in technology, this intrepid jet can link Beijing with Los Angeles non-stop, with eight passengers and three to four crew(i).
Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America indexes. In the fiscal year ended December 31, 2012, we posted revenues of $16.8 billion USD. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
CDB Leasing Co., Ltd. is the largest leasing company registered in China with the biggest registered capital and asset size. By the end of 2012, its total assets amounted to 140.887 billion CNY. CDB Leasing adheres to specialized business development, with overwhelming superiority in professional leasing areas of aviation, commercial vehicle, engineering machinery, etc. Focusing in China and serving globally, CDB Leasing is committed to become "a leading leasing company in China" with "top quality assets, steady returns and a strong international reputation".
Currently, CDB Leasing has established strategic cooperation relationships with over 40 airlines and aviation manufacturers both at home and abroad. By the end of 2012, CDB Leasing has deployed a total of 145 aircraft of different types to 37 airlines in 20 countries and regions. CDB Leasing ranks among the world's top 12 professional aviation leasing companies, merely with the business value of its aircraft assets. It holds the third largest aircraft leasing market share in the Chinese market (just next to the most well-known aircraft leasing companies - ILFC and GECAS).
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(i)Under certain operating conditions.
Bombardier, Bombardier Vision, Global, Global 6000 and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.
To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20130228-bbd_0228_800.jpg
Caption for photo :
Front row: (left) Yu Shunming, President, CDB Leasing, and (right) Steve Ridolfi, President, Bombardier Business Aircraft. Second row: (left to right) Vivian Wang, Acting Managing Director, Aviation Department, CDB Leasing; Wu Rongyang, Executive Vice President, CDB Leasing; Gu An, Deputy General Director, Project Appraisal Department 1, CDB; Qin Mengzheng, Vice Chairman, CDB Leasing; Zhao Jianpin, Vice Governor, CDB; Guy C. Hachey, President and Chief Executive Officer, Bombardier Aerospace; Christophe Degoumois, Vice President, Sales, Russia, CIS, China, Asia Pacific & Australia, Bombardier Business Aircraft; Michael Han, Regional Vice President, Sales, China, Bombardier Business Aircraft; Albert Li, General Manager and Head of Bombardier Aerospace China; Jean-Christophe Gallagher, Senior Director, Strategy & International Business Development, Bombardier Business Aircraft; Michel Ouellette, Vice President and General Manager, Challenger, Bombardier Business Aircraft.
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