Dassault Inks Deal with Minsheng for 20 Falcons

BJT Waypoints

by BJT Staff

Friday, November 4, 2011 - 10:15am

Dassault Aviation has signed a memorandum of understanding with China's Minsheng Financial Leasing for 10 Falcon 7X and 10 Falcon 2000S business jets. The deal, which the companies expect to finalize before the end of the year, follows firm orders for five Falcon 7Xs that Minsheng placed earlier in 2011 and an order for a Falcon 900LX.

Some of these 7Xs have been delivered. Minsheng Financial entered into the aviation field about two years ago and has already signed for 90 business jets, not including those covered by the latest deal. Minsheng officials–who previously predicted they’d be leasing 100 business jets within five years–now expect to be leasing that many within two years.

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“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”

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