Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

<a href="http://www.ainonline.com/aviation-news/abace-convention-news/2014-04-15/minsheng-financial-adds-its-oem-order-book">Minsheng Financial Leasing’s (MSFL) order for 60 Gulfstream jets (40 firm, 20 options) announced last week</a> at ABACE in Shanghai is in addition to, not further confirmation of, a $2.6 billion order for 50 Gulfstreams under an MoU signed between the two companies in July 2011. Thus, Minsheng now has up to 110 Gulfstreams on order–a mix of G280s, G450s, G550s and G650s–that AIN estimates are worth approximately $5.6 billion, including options.


Gulfstream did not release the value of the 60-aircraft order last week when it made the announcement, so AIN used the value of the previous 50-aircraft order from Minsheng to determine a conservative estimate of $3 billion. Scott Neal, Gulfstream’s senior vice president of sales and marketing, did confirm at ABACE that the 60-aircraft order is “one of the largest in our history.”


Gulfstream Aerospace delivered the first aircraft–a G450–to Minsheng in June 2010. Minsheng took delivery of its 10th Gulfstream during a ceremony last year in Beijing. According to a Gulfstream spokesman, Minsheng currently has G450s and G550s in operation, though he declined to give an up-to-date fleet total. Deliveries from this latest order are expected to begin next year, Gulfstream said.

Minsheng’s Order for 60 Gulfstreams Adds to 2011 MoU

Minsheng now has orders for up to 110 Gulfstreams - a mix of G280s, G450s, G550s and G650s - worth an estimated $5.6 billion.

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