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Jumbo jet maker secures 30b yuan credit line

By Song Jingli (chinadaily.com.cn)
Updated: 2009-04-29 10:20

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The Commercial Aircraft Corporation of China Ltd (CACC) will get a credit line of 30 billion yuan from Bank of Communications (BoCom) and its financial leasing arm to support the research and manufacturing of China’s home-made jumbo aircraft and regional jets.

BoCom and BoCom Finance Leasing Company signed a framework agreement on financial strategic cooperation, and a framework agreement on leasing services cooperation respectively, with the CACC in Shanghai on April 27.

Under the cooperative frameworks, the bank and its financial leasing company will establish stable long-term strategic cooperation with CACC to give full play to their respective advantages...

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