It came as no surprise to industry watchers that Minsheng Financial Leasing Co. Ltd. (MSFL) won the recent Corporate Jet Investor (CJI) award for Asian Business Jet Financier of the Year. MSFL has so far signed agreements for, and placed nonrefundable deposits on, more than 100 private aircraft acquisitions in China. The firm’s total registered capital is RMB five billion ($790 million).
Bank of China
What did last week’s Singapore Airshow tell us about the state of air transport in the Asia Pacific region? Apart from highlighting Indonesia as being a pocket of pent-up demand for fleet modernization, the honest answer is not very much.
Singapore-based aircraft leasing company BOC Aviation has placed a firm order for 15 Embraer E190s, the Brazilian manufacturer announced in late November. Embraer’s newest aircraft leasing customer expects deliveries to start in the fourth quarter of this year and run through 2014.