Everbright plans Silk Road fund for aviation leasing and related businesses
Capital raised will be used for aircraft purchases and investments in infrastructure projects in what could be 60 ‘Belt and Road’ nations
He said discussions were ongoing with mainland Chinese institutions and departments on collaborations, but could not yet estimate how large the fund might be.
China’s “Belt and Road Initiative” is expected to create huge new amounts of traffic – both people and goods – within Asia and with the rest of the world, as China’s strives to expand trade with nations along ancient silk trade routes, onwards to Europe.
“Funds [being spend on projects] these days are all very large. We hope to partner with Chinese institutions involved in outbound investments,” he said.
The capital raised will be used to buy the actual aircraft and make investments in related infrastructure projects such as airports and logistics parks, Chen said, in any of the over 60 markets along the land and maritime corridors that make up the initiative.