Minsheng and Embraer sign agreement
Embraer and Minsheng Financial Leasing, a have signed a strategic cooperation agreement.
Minsheng Financial Leasing will help finance Embraer executive jets in China abroad and the two companies will jointly promote executive aviation in China.
“We are delighted to sign this agreement with Minsheng Financial Leasing, one of Embraer’s most important partners in China. Embraer has full confidence in developing cooperation with Minsheng Financial Leasing at all levels and related aspects to jointly promote China’s executive aviation market,” said Luís Carlos Affonso, Embraer executive vice president, executive jets. “The agreement demonstrates strong recognition and confidence in Embraer and its executive aviation products from the Chinese financial community
Minsheng – which places speculative orders with manufacturers for the bank’s customers – has already ordered Gulfstream, Dassault, Hawker Beechcraft and Bombardier aircraft. It also signed a memorandum to support Cessna aircraft at the end of 2010.
“Both parties hold full confidence in the prospects of China’s executive aviation market, and we believe that this strategic alliance with Embraer will succeed. With the advantages of each party, the alliance between Embraer and Minsheng Financial Leasing will surely promote sound and robust development of China’s executive aviation market. We look forward to establishing a win-win collaboration,” said Kong Linshan, Chairman Minsheng Financial Leasing.