Minsheng Financial Leasing of China Takes its First Embraer Legacy 650
Monday, 26 March 2012
Shanghai, China, at the press conference held today at the 2012 Asian Business Aviation Conference & Exhibition (ABACE), Embraer and China’s Minsheng Financial Leasing Co., Ltd. (MSFL) jointly announced that the first of 13 previously announced Legacy 650 aircraft ordered by MSFL has been delivered.
A memorandum of understanding between Minsheng and Embraer, signed last July, covering the full range of Embraer’s executive jets which was shortly followed by MSFL’s 13-aircraft Legacy 650 order. At the 2012 Singapore Airshow, Embraer and Minsheng announced an additional agreement for three Lineage 1000, ultra-large jets.
Ernest Edwards, President, Embraer Executive Jets said: “Minsheng Financial Leasing is one of our most valued customers and partners.
The successful delivery of the first Legacy 650 reflects the faith our Chinese customers have placed in Embraer and our products.”
Kong Linshan, Chairman of Minsheng Financial Leasing Co., Ltd. added: “We are really glad to be part of Embraer’s family of users worldwide,” s “The Legacy 650, with its outstanding performance and intelligent luxury, has become one of the best choices for the top-tier customers in China. Embraer, with its own legacy in aviation industry, provides customers with tailor-made and fully dedicated services. This customer service allows Minsheng Financial to become one of the top leasing companies in the world as it scales up its fleet in the coming years.”
The Legacy 650 has a range of 3,900 nautical miles (7,223 kilometers), enabling nonstop flights from Beijing to Dubai (United Arab Emirates) and Hong Kong to Adelaide (Australia).
Soruce: Embraer
About Minsheng Financial Leasing Co., Ltd.
Minsheng Financial Leasing Co., Ltd. (MSFL), was established in April 2008, and is one of the first five financial leasing companies approved by the China Banking Regulatory Commission (CBRC) in China. Sponsored by China Minsheng Banking Corporation Ltd. (CMBC), MSFL’s total registered capital is USD 944 million (RMB 5.095 billion).
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