Minsheng Financial Leasing Celebrates 60-Aircraft Order with Gulfstream at Signing Ceremony

Gulfstream Aerospace Corp. held a signing ceremony on April 15 with Minsheng Financial Leasing Co. Ltd. at the Asian Business Aviation Conference & Exhibition. The ceremony recognized Minsheng’s order for 60 Gulfstream aircraft, which was signed in the fourth quarter of 2013.

The 60-aircraft order, a combination of firm orders and options, is one of the largest in Gulfstream’s history. The sale spans the Gulfstream product line, including the super mid-size Gulfstream G280; the large-cabin, long-range G450; the large-cabin, ultra-long-range G550; and the ultra-large-cabin, ultra-long-range G650.

“This agreement speaks to the industry-leading performance, comfort, safety and reliability of Gulfstream aircraft,” says Larry Flynn, president, Gulfstream. “Thanks to the breadth of the Gulfstream aircraft family, we have the products that match the needs of Minsheng’s customers. Minsheng has quickly become the largest fleet owner in China and has been a leading visionary in the business aviation market. We are thrilled with Minsheng’s confidence in Gulfstream and look forward to working with the company throughout the delivery process and beyond.”

Minsheng Financial Leasing was formed in April 2008 by China Minsheng Banking Corp. and Tianjin Port Free Trade Zone Investment. It was one of the first leasing companies to receive approval to operate from the China Banking Regulatory Commission.

“Minsheng has enjoyed a long and successful relationship with Gulfstream,” says Johnny Lau, vice president, Aviation Leasing Division, Minsheng Financial Leasing. “The Gulfstream products combine reliability, performance, comfort and efficiency to provide a world-class flying experience for our customers. In addition, Gulfstream’s high-standard product support was a major contributor to our decision to move forward with this agreement.”