China's Minsheng Seeks 10+ Business Jets

by BJT Staff

Sunday, January 9, 2011 - 11:00pm

China's Minsheng Financial Leasing is in talks to acquire 10 to 15 business jets as part of a plan to order 100 by 2014. The company has already ordered 17 aircraft since April 2008, according to the firm's aviation and legal consultant, David Tang.

The lessor is an affiliate of China's Minsheng Bank, which specializes in financial leases for Chinese customers. Thus far Minsheng's customers have been exhibiting a strong preference for large, long-range jets such as the Gulfstream G550. The lessor expects increased interest in Chinese domestic flying to generate a rise in bookings for medium-range aircraft in 2011.

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“When you get into the larger aircraft it becomes like a hotel, with dozens of staff supporting the plane based in a galley area down below. You have very comprehensive cooking facilities, and on larger aircraft we have looked at theatres, with spiral staircases and a Steinway grand piano. The limitations for what you can put inside a plane are pretty much the limits of physics, and even money cannot always overcome that. Even so, people are still always trying to push [the limits]. ”

-Howard Guy of Design Q, a UK-based consultancy