China Minsheng Leasing Orders 50 Gulfstreams

 - July 31, 2011, 9:20 AM

China’s Minsheng Financial Leasing signed a memorandum of understanding (MoU) for up to 50 midsize and large-cabin Gulfstreams last month. According to reports, the MoU covers an unspecified mix of G280s (née G250), G450s, G550s and G650s worth a potential $2.6 billion. The MoUs are expected to be converted into firm orders over the next three to five years. Beijing-based Minsheng had placed orders for 17 business jets as of the end of last year, and has already taken delivery of at least one–a Gulfstream G450. The company is due to receive a further unspecified number of aircraft from Gulfstream by the end of next year. Other types ordered so far include aircraft from Cessna, Dassault Falcon and Hawker Beechcraft.