Tuesday, June 16, 2015

China’s Minsheng Financial Leasing inks MOU for 30 Boeing 737s

China’s Minsheng Financial Leasing signed an MOU at the Paris Air Show to purchase 30 737 airplanes—a mix of Next-Generation 737 and 737 MAX aircraft.

Boeing did not give a numbers breakdown, but CFM International issued a statement announcing a CFM56-7B engine order to power 10 737s and a LEAP-1B order to power 20 727 MAX aircraft. CFM valued the engine order at $775 million at US list prices.

Minsheng VP-aviation unit Wang Fuhou said, “Thanks to the continued emergence of low-cost carriers and regional airlines, the single-aisle market is projected to be the fastest growing and most dynamic segment.

The Next-Generation 737 of today and the 737 MAX of the future combine market-leading economics, reliability and comfort to meet requirements from airline customers like Ruili Airlines.” 

As one of the first five leasing companies approved by China Bank Regulatory Committee, Minsheng was founded in April 2008 by China Minsheng Banking Corp., the largest private commercial bank in China.

Boeing Commercial Airplanes SVP-Northeast Asia sales Ihssane Mounir said the agreement “will allow Minsheng to capture the strong demand in both the domestic and global single-aisle market.”

(Linda Blachly - ATWOnline News)

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