50 SKY SHADES - World aviation news

China's Exim Bank Offers Lending Facility To Comac

Download: Printable PDF Date: 08 Oct 2015 12:14 categories:
China's Exim Bank Offers Lending Facility To Comac - Finance publisher
Tatjana Obrazcova
Country: China
Source: News Airwise

China Import and Export Bank has signed an initial deal to provide a lending facility of up to CNY50 billion yuan (USD$7.87 billion) to Commercial Aircraft Corporation of China (Comac).

The move has pushed up the Chinese state policy bank's total outstanding loans to Comac to around CNY4.4 billion yuan.

Comac makes both the ARJ21 regional jet and the larger C919 which it hopes could eventually compete with the Airbus A320 and Boeing 737.

So far, the bank has helped fund the import or export of over 700 planes, with outstanding loans and credit lines worth CNY110 billion yuan in total.

Loading comments for China's Exim Bank Offers Lending Facility To Comac...


Airline expectations are rising for interiors

Airlines in the Middle East region are actively looking for innovative interiors designs and technology, as passenger expectations continue to drive the industry. When Aircraft Interiors Middle E...

Azerbaijan Airlines introduces mobile application for iPhone and Android devices

Azerbaijan’s national air carrier - AZAL rolled out its own mobile application for iOS (version 9.0 or later) and Android (version 5.0 or later) smartphones. The mobile application with...

MEBAA Insurance tailor made its medical insurance to suit members in UAE

MEBAA has entered into an Agreement with National General Insurance Company (NGI) UAE, to provide uniquely designed Medical Insurance Scheme for its member companies operating within UAE. This associa...

First Air Astana Airbus A321 Long Range aircraft presented at ceremony in Nur-Sultan

Air Astana presented its first Airbus A321 Long Range (LR) aircraft at a ceremony held in the airline’s technical centre at Nursultan Nazarbayev International Airport . The airline is the f...