Agreement Signed At NBAA-BACE In Orlando Valued At $129.4 Million

Four Bombardier Challenger 650 jets will join the Global fleet of Singapore-based charter operator, Zetta Jet.

The announcement follows the signature of a purchase agreement between China’s Minsheng Financial Leasing Co., Ltd and Bombardier Business Aircraft, as well as the signature of a strategic agreement on the co-operation in aircraft leasing between Minsheng Financial Leasing and Zetta Jet, at the National Business Aviation Association’s (NBAA) 2016 Convention and Exhibition in Orlando, FL. The aircraft order is valued at approximately $129.4 million US based on 2016 list prices.

“This agreement strengthens our position in the Asian aviation market by diversifying our fleet to include Challenger business jets and enhancing our offering to our elite clientele,” said Geoffery Cassidy, Managing Director, Zetta Jet. “Minsheng Financial Leasing is both a key partner of Zetta Jet and a leading player in China’s financing market, and this agreement signals the confidence they place in the growth potential of Zetta Jet, its business model and the addition of Challenger 650 aircraft to our fleet.

"With its breakthrough design attributes and unique expressions of comfort, control and connectivity, the Challenger 650 aircraft and its widest-in-class cabin create the ultimate inflight experience for Zetta Jet’s ultra VIP travellers.”

(Source: Bombardier news release. Image from file)

FMI: www.bombardier.com