China Banking Corp. is now one of the biggest local players in aviation financing after arranging a P4 billion loan facility for Cebu Air Inc. (Cebu Pacific) to bankroll its fleet expansion program. China Bank Capital Corp. (CBCC) was appointed by Cebu Pacific to be the lead arranger and bookrunner for the peso-denominated secured term loan facility. Proceeds of the loan facility will be used to finance the purchase of a new Airbus A330-300 as part of the re-fleeting program of Cebu Pacific.
