Waypoint Leasing has established a leasing platform in the Tianjin Free Trade Zone (FTZ) DFTP Area (DFTP) in China, the company said.
“We are excited to announce the establishment of this new Leasing Platform in the Tianjin FTZ as it will enable us to continue to develop our growing business in China,” said Philip Stransky, Waypoint VP of sales and relationship management for Asia Pacific. “Waypoint executed our first two leases in China this year, and our initiative to establish this platform reflects the importance we place on customers in this market.”
The company said it worked in close partnership with the Tianjin FTZ team. Waypoint aims to continue to build its capacity to serve the Chinese helicopter market. Last week, Waypoint added new Asia Pacific-based lenders.
“[This platform] will facilitate our ability to meet customer needs in China through more efficient financing and lease structures for our customers,” said Ed Washecka, Waypoint CEO and R&WI editorial advisory board member.” At the end of the day, this is another valuable tool that our sales and relationship management team can utilize to provide tailored solutions in this fast and growing market.”