China Aircraft Leasing Company Limited (CALC) and the China Development Bank Corporation Hong Kong Branch (CDBHK) signed a cooperative agreement in June 2013 for a long term and more stable cooperation.

The agreement refers to a credit facilities amounted to US1.5 billion, which CDBHK will satisfy CALC’s funding needs for aircraft leasing business and M&A opportunities. Individual financing amounts, as well as related terms and conditions under the credit facilities are subject to CEBHK’s approval. CALC and CEBHK started their cooperation in 2012, the parties further enhance the business relationship through signing the agreement.

China Aircraft Leasing Company Limited (CALC) was founded in 2006. It has representative offices in Hong Kong, Beijing, Shanghai, Shenzhen and Tianjin in China and Ireland, and also has ancillary staff in Tourlouse, France. In addition, CALC has a wholly-own leasing subsidiary in Tianjin, China. CALC has strong support from its shareholders including China Everbright Limited (“CEL”), a Hong Kong listed company, whose parent company China Everbright Group is managed by central government. China Aerospace Investment Holdings Ltd (“CAIH”), an investment arm of China Aerospace Science and Technology Corporation. Friedmann Pacific Asset Management Limited (“FPAM”), a Hong Kong based asset management & investment company with its main focus in China.