Bombardier discloses CDB Leasing Co., Ltd. China as customer for last year CSeries order

Image courtesy Wikipedia. Author Alexandre Gouger.

Bombardier Aerospace announced that CDB Leasing Co., Ltd. (CLC), one of China’s top leasing companies, is the previously announced undisclosed customer that signed a conditional purchase agreement for five CS100 and 10 CS300 jetliners. The purchase agreement also includes options on an additional five CS100 and 10 CS300 aircraft, for a total of up to 30 CSeries aircraft. This agreement was initially announced as a conditional order from an undisclosed customer for five CS100 and 10 CS300 jetliners on July 8, 2012.

Canada’s foreign minister John Baird said:

“This announcement, witnessed at the highest levels by both governments, reflects extremely well on the cooperation between Bombardier and China in the aviation sector, as well as on the overall economic relations between Canada and China.”

As previously announced by Bombardier, based on list prices of CS100 and CS300 aircraft, the contract is valued at approximately $1.02 billion US. Should all 15 options be exercised, the value of the contract would increase to $2.07 billion US.

CLC Chairman Mr. Wang said:

“Given ongoing high fuel prices and increased environmental concerns, older and less efficient aircraft represent one of the greatest challenges to airlines. Following an in-depth analysis of existing and re-engined aircraft, the CSeries family of airliners, with its unmatched economics, advanced technology, excellent operational flexibility, as well as its outstanding performance seemed like the obvious choice and shows great potential for operators in China and abroad.”