With the ICBC's professional experience in aircraft financial services, the ICBC Leasing offers tailored leasing services for airlines, airports, aircraft manufacturers and repair and maintenance factories and other aircraft-related companies.
II. Target Customers
Applicable for domestic and foreign airlines, airports, aircraft manufacturers and repair and maintenance factories and other civil aviation companies. The leasing subject mainly includes plane, engine, simulator, specialized equipment and aviation materials and equipment.
III. Distinctive Advantages
A leasing team with rich professional knowledge in aviation and aircraft and the ICBC's extensive branch network enables ICBC Leasing to develop customized leasing plans based on customer needs, aiming to meet the diversified and personalized needs of customers and maximize their value.
IV. Business Type
i. Aircraft financial lease
ICBC Leasing enters into agreement with the lessee (the airline company), under which, upon choice of the lessee on the seller (including the manufacturer) and the leased object, ICBC Leasing provides funds for the seller to buy the aircraft and other materials and rent the leased object to the lessee who will pay the rent. When the lease expires, the ownership of the leased asset will be transferred to the lessee (the airline company). The lessor has the legal ownership of the aircraft, but the risks and returns of the aircraft or other aviation equipment are transferred to the lessee (the airline company), offering both financial leasing and equipment leasing.
ii. Aircraft operating lease
The lessor purchases the aircraft as required by the lessee, the lessee (the airline company) pays the rent according to the lease agreement. When the lease expires, the lessee returns the aviation materials or renews the contract. The lessor has the ownership of the aircraft, the lessee has the right to use the aircraft and the residual value risk of the aircraft is borne by the lessor. .
iii. Aviation materials operating lease
The lessor has the ownership of all aviation materials while the lessee (the airline company) pays the rent according to the lease agreement. When the lease expires, the lessee returns the aviation materials or renews the contract. There is no option for favorable purchase term.
iv. Leaseback after sale
For the purpose of improving financial statements, transferring residual value risk or reducing tax burden, airline companies can choose to sell its legally-owned aircraft or other assets to ICBC Leasing and then lease them back. ICBC Leasing can help the lessee (the airline company) arrange the whole process of leaseback after sales and offer financing services as needed.
v. Financial consulting
To meet the needs of airline companies in buying/selling aircraft, fleet planning optimization, financial statements optimization and business reorganization, ICBC Leasing draws from its professional experience in financial leasing to employ equity instrument, debt instrument, financial derivatives and other innovative financial products in a total solution to address the unique needs of aviation companies based on its professional knowledge, management and asset disposal services.
V. Contact Information