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).
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Boeing is preparing to invest more than $100 million in a new MRO joint venture in Shanghai. The U.S. airframer will have a 50-percent stake, with the balance held by Shanghai Airlines and Shanghai Aviation Authority, according to David Wang, president of Boeing China.