Embraer, Minsheng Financial Leasing Ink MoU For 20 Embraer Executive Jets | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Thu, Jul 21, 2011

Embraer, Minsheng Financial Leasing Ink MoU For 20 Embraer Executive Jets

Brazilian Planemaker Continues Success In China

Embraer and Minsheng Financial Leasing, a subsidiary of China Minsheng Banking Co, signed a Memorandum of Understanding (MoU) in a ceremony held Tuesday at Embraer's headquarters in Sao Jose dos Campos, Sao Paulo, Brazil. According to the MoU, Minsheng Financial Leasing intends to purchase up to 20 of Embraer's full line of executive jets. They are expected to be fully converted into firm orders in the next five years and deliveries may commence in 2011.

"China's business aviation market, as one of the greatest potential markets in the world, continuing to signify the importance of business aviation in a global economy. We are glad to be selected as the partner of Minsheng Financial Leasing to jointly promote the development of China's executive aviation market. Both parties have full confidence that Embraer's full line of state-of-the-art executive products will surely satisfy China's market demands, to which the deal itself eloquently witnesses," said Ernest Edwards, President, Embraer Executive Jets.

"This MoU laid a solid foundation for Minsheng Financial Leasing to be the top executive aviation leasing institution in Asia, and for Embraer to strengthen its penetration of China's executive aviation market. Our company will continuously expand its executive jets fleet and Embraer will surely be our important partner. We look forward to a long-term partnership with Embraer to jointly promote the robust development of China's executive aviation market by taking advantage of each party's strengths," said Kong Linshan, Chairman Minsheng Financial Leasing.

With this MoU, Embraer says it further consolidates its presence in China's business aviation market, following the Company's announcement in April 2011 to cooperate with AVIC (Aviation Industry Corporation of China) to assemble business jets in China.

FMI: www.embraer.com

Advertisement

More News

KidVenture Educational Activities Lineup At EAA AirVenture 2025

Youth Explore With Hands-On Builds, RC Airplanes, Flight Sims, Much More KidVenture is located just north of the EAA Aviation Museum, at Pioneer Airport, and has arranged a myriad >[...]

Aero-News: Quote of the Day (07.07.25)

“About nine decades ago, Amelia Earhart was recruited to Purdue, and the university president later worked with her to prepare an aircraft for her historic flight around the >[...]

Airborne 07.07.25: Sully v Bedford, RAF Vandalism, Discovery Moving?

Also: New Amelia Search, B737 Flap Falls Off, SUN ‘n FUN Unveiling, F-16 Record Captain Sully Sullenberger, the pilot who saved 155 people by safely landing an A320 in the Hu>[...]

Aero-News: Quote of the Day (07.08.25)

"It is critically important for North American flight safety that Temporary Flight Restriction (TFR) violations are avoided. All pilots must familiarize themselves with updates to >[...]

Airborne-NextGen 07.08.25: Joby in Dubai, Army Electra, Archer iin Abu Dhabi

Also: Hackers v Aviation, Discovery Moving?, Gogo Galileo HDX, EVE to Costa Rica Joby Aviation announced its electric air taxi successfully completed a series of VTOL wingborne tri>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC