Standard Chartered forms first aviation leasing in China
This makes Standard Chartered the first foreign bank to set up an aviation leasing business in the DFTP.
With this set up in the DFTP, Pembroke will be able to offer Chinese airline clients a greater selection of aircraft leasing solutions to enhance their business operations.
Standard Chartered and Pembroke Capital Limited (the Bank’s wholly-owned aircraft leasing company) provide comprehensive aviation financing and leasing services to support the global aircraft leasing business.
It currently manages a fleet of over 130 aircraft, serving major airlines in 29 countries around the world.
This latest development follows the aviation leasing venture in which Standard Chartered joined hands with Sichuan Development Holding Co., Ltd (SDH) to establish SDH Wings International Leasing Limited (SDH Wings). ■