ICBC Financial Leasing Co, Ltd., a wholly-owned subsidiary of the Industrial and Commercial Bank of China, is adding up to 20 E190-E2s to its current asset portfolio of over 380 owned and managed aircraft. The acquisition is for 10 firm-order E2s and purchase rights for 10 additional aircraft. Delivery of ICBC Leasing’s first E190-E2 is scheduled in 2018.
The Chinese leasing entity selected the E190-E2 to diversify its resources and to help it expand its presence in the regional aviation market. For Embraer, ICBC Leasing offers prospective customers another option to procure E-Jets. ICBC Leasing joins AerCap of the USA as a lessor of E-Jets E2s. In 2013, AerCap announced the acquisition of up to 50 E190-E2s and up to 50 E195-E2s.
The leasing community has been a strong supporter of Embraer E-Jets. Some 30 leasing companies have added E-Jets to their fleet portfolios.