China’s Minsheng Financial Leasing signed a memorandum of understanding (MoU) for up to 50 midsize and large-cabin Gulfstreams last month. According to reports, the MoU covers an unspecified mix of G280s (née G250), G450s, G550s and G650s worth a potential $2.6 billion. The MoUs are expected to be converted into firm orders over the next three to five years.
Memorandum of understanding
Gulfstream Aerospace confirmed yesterday that a new memorandum of understanding (MoU) for midsize and large-cabin Gulfstreams was inked late last week with China’s Minsheng Financial Leasing. The Chinese aircraft leasing firm is a venture formed in April 2008 by China Minsheng Banking and Tianjin Port Free Trade Zone Investment.
The Civil Aviation Authority of Singapore (CAAS) and the Hong Kong Civil Aviation Department (HKCAD) have signed an enhanced memorandum of understanding (MoU) for aircraft maintenance. The MoU is an expansion of a 2004 reciprocity agreement that permitted MRO companies to maintain components of aircraft registered in either country without the need to obtain separate approval.
Hellenic Aerospace Industry and Irkut have signed a memo of understanding paving the way for future cooperation in the event that Greece buys the Beriev Be-200 fire-fighting aircraft. Kyriakos Linakis, HAI’s chairman, said the MoU provided an opportunity for the two companies to cooperate in maintenance and manufacturing. If Greece opts for the Be-200, the country will use the airplane for search and rescue, patrol and other operations.