Overview

ICBC Leasing leases aircraft to Himalaya Airlines

Commitment Year•2015Country of Activity•NepalDirect Recipient Country of Incorporation•NepalSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2015

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownershipAt least 25% Chinese ownership

Funding agencies

State-owned companies

ICBC Financial Leasing Co., Ltd. (ICBCFL) (ICBC Leasing)

Receiving agencies

Joint Venture/Special Purpose Vehicles

Himalaya Airlines

Loan description

ICBC Leasing leases aircraft to Himalaya Airlines

Interest type•Unknown

Narrative

Full Description

Project narrative

ICBCFL entered into an aircraft leasing agreement with Himalaya Airlines in Nepal. The first aircraft delivered under this agreement is a newly built Airbus 320 aircraft in 2015. Himalaya Airlines is a China-Nepal joint venture airline company.