China Leasing Group Set To Boost Bizjet Fleet

 - January 6, 2011, 11:26 AM

China’s Minsheng Financial Leasing has confirmed its intention to buy more long- and medium-range business aircraft, according to London-based attorney David Tang, who acts as its aviation consultant. The Beijing-based group 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–and is due to receive a further unspecified number of aircraft from the manufacturer. Other types ordered so far are understood to include those from Cessna, Dassault Falcon and Hawker Beechcraft. Minsheng, which is backed by China Minsheng Banking and Tianjin Port Free Trade Zone Investment, was formed in April 2008.