October 10, 2011
By Thomas A. Horne
Minsheng Financial Leasing, the fastest-growing aircraft leasing agency in China, signed a firm order for 13 of Embraer’s Legacy 650 large-cabin business jets. The first delivery of the $30 million, 3,900-nautical-mile, 14-seat airplanes should take place by the end of 2011, Embraer said.
In addition, Minsheng officials said that two months ago they had also signed a memorandum of understanding to buy 20 more Embraer jets.
In a signing ceremony, Minsheng Financial Leasing Chairman Kong Linshan said that his three-year-old company already has 19 business jets already signed on to its fleet. “We hold full confidence in the prospects for Embraer’s Legacy 650 in the Chinese executive aviation market, which will surely attain increasing recognition from our customers here in China,” he said. The Legacy 650 can fly from Beijing to Dubai or Moscow nonstop. It is powered by two Rolls-Royce AE30072A2 engines of 9,020-lbst each, and comes with a Honeywell Primus Elite avionics suite.
Minsheng Financial Leasing’s assets total $8.15 billion, and it claims to be the main non-banking financial institution to engage in financial leasing in China. It is one of the first five financial leasing companies approved by the China Banking Regulatory Commission.
“This is just a small step in China’s growth in business aviation,” Kong said. “In 10 years there will be 1,000 business jets in China.”
AOPA Pilot Editor at Large Tom Horne has worked at AOPA since the early 1980s. He began flying in 1975 and has an airline transport pilot and flight instructor certificates. He’s flown everything from ultralights to Gulfstreams and ferried numerous piston airplanes across the Atlantic.
As the cold weather chills AOPA’s Headquarters in Frederick, many of us are inside generating new resources for flying clubs.
In my house, every Friday night is “Movie Night.” While the movies are rarely educational (I don’t think I learned anything from the Lego Movie), we look forward to the weekly opportunity to spend time together. Why not use the same concept for your Flying Club (with the addition of education, of course)?
AOPA Flying Club Manager Kelby Ferwerda posted the following on the AOPA Flying Club Facebook Page: “Recently I’ve talked with quite a few Flying Clubs about maintaining social activity through the cold winter months. Some clubs host Holliday Parties, others have Potluck Movie Nights. What does your club do to keep members involved during the chilly months?”
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