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10:47, June 26, 2009 |
Airbus has signed a memorandum of understanding (MOU) with the Industrial and Commercial Bank of China (ICBC) for cooperation in aircraft financing and leasing in Tianjin. Under the agreement, ICBC will provide aircraft delivery financing solutions to airlines domiciled in China for the acquisition of aircraft ordered from Airbus. ICBC Leasing could help finance up to 70 A320 Airbus aircraft assembled at the final assembly line in Tianjin over the next five years.
Source:China Daily/Agencies
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