Dassault Signs MoU with Minsheng Financial for 20 Falcons

 - October 10, 2011, 5:38 PM

Charles Edelstenne, chairman and CEO of Dassault Aviation, and Kong Linshan, chairman of the board of Minsheng Financial Leasing, signed a memorandum of understanding (MoU) for 10 Falcon 7X and 10 Falcon 2000S business jets this morning at NBAA 2011 in Las Vegas. Zhang Bo, vice president of Minsheng Financial Leasing also signed the agreement, which Dassault Falcon officials expect will be finalized in the coming weeks. The MoU follows firm orders for five Falcon 7Xs that Minsheng Financial placed earlier this year and a sixth order for a Falcon 900LX. Some of these five 7Xs have been delivered. “This simple document means a lot to us,” said Dassault Falcon president and CEO John Rosanvallon. “It reinforces an already strong relationship that’s been established between Falcon and Minsheng. Both companies wish to offer our customers the best possible solutions for business aircraft in China.” Minsheng Financial entered into the aviation financial business about two years ago and has already signed for 90 business jets, not including today’s MoU. Kong said that when Minsheng started, company officials expected to be leasing 100 business jets in five years. Now he thinks the company will reach this level in two years. He also said that China, as a whole, would have 800 to 1,000 business jets by 2020.