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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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"A lot of people hoped these proposals would die under their own weight"

Michael Inglese, chief financial officer, Aircastle on the proposed new accounting standards


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