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2010 Deal of the Year: Airport
07 March 2011
ICBC Leasing's $73 million sale/leaseback for Sanya Phoenix International Airport finances the third phase development of Hainan airport.
Sanya Phoenix International Airport
Goldman Sachs estimates that, by 2020, China will have overtaken the US as the world’s largest aviation market. Although the country has enviable airport infrastructure - particularly compared with India, which will be the second-fastest growing market - new airports will be needed and existing ones upgraded.
ICBC Leasing’s $73 million sale/leaseback for Sanya Phoenix International Airport finances the third phase development of Hainan airport. While banks, particularly the major policy banks, regularly finance infrastructure...
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