The European biggest plane maker Airbus and CDB (China Development Bank) Leasing Corporation (CLC), one of China's leading leasing companies, signed Tuesday a Memorandum of Understanding on cooperation in aircraft financing and leasing.

Under the memorandum endorsed in Toulouse, southern France, CLC will provide aircraft delivery financing solutions to airlines around the world for the acquisition of aircraft ordered from Airbus.

Furthermore, according to Airbus' press release following the endorsement, CLC will provide US$4 billion over the next five years to its airline customers on sale and leaseback transactions concerning all Airbus aircraft types.

The two companies endeavour to share competence and experience to cooperate on leasing and financing projects, such as pre- delivery payment financing for Airbus aircraft, delivery financing new and used Airbus aircraft and Passenger to Freighter conversion projects, Airbus said.

"We are proud to provide financing solutions for customers worldwide to support the development of the aviation industry, especially the aviation industry of China," said Wang Chong, President of CLC.