With ICBC's professional experience in aircraft financial services, ICBC Leasing offers tailored leasing services for airlines, airports, plane makers and repair and maintenance factories and other aircraft-related companies.
II. Target Market
Suitable for domestic and foreign airlines, airport, plane makers 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. Product Features
A leasing team with rich professional knowledge in aviation and aircraft and ICBC's extensive branch network enable ICBC Leasing to develop customized leasing plans based on customer needs, aiming to meet the diverse and personalized needs of customers and maximize their value.
IV. Type of Services
(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 money for the seller to buy the aircraft and other materials, 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 Lesser has the legal ownership to the aircraft, but the risks and return 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 Lesser has the ownership of the aircraft or other aviation equipment and hence bears the asset risk and enjoys the asset returns. 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. In case of mortgage, insurance and transfer of leasehold interest, the Lessor can provide off-balance-sheet financing and residual value management to the Lessee (the airline company) under such arrangement.
(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, transfer the residual value risk, or reduce the 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 Advisory
To meet the needs of airline companies in buying/selling aircraft, fleet planning optimization, financial statements optimization and business reorganization, ICBC Leasing draw 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 Us
Email: email@example.com, firstname.lastname@example.org
Note: Information herein is for reference only. Industrial and Commercial Bank of China Limited reserves the final right of interpretation. Refer to the announcements and regulations of local branches for further details.