Gulfstream confirms order of 60 aircraft from China's Minsheng
Leasing
(Reuters) - Gulfstream Aerospace Corp, wholly owned by
General Dynamics, said it has sold 60 aircraft to China's Minsheng Financial
Leasing Co in what it called one of the biggest single orders for jets in
Gulfstream's history.
The aircraft order, signed in the fourth quarter,
represents firm sales and an option for additional jets, Gulfstream said in a
statement without disclosing financial terms. The sale includes a range of
aircraft, from the mid-size G280 jet to the ultra-large cabin
G650.
Savannah, Georgia-based Gulfstream is competing against Brazil's
Embraer SA, Cessna Aircraft Co, and Bombardier Inc to gain a foothold for
business jets in the fast-growing China market, which each company sees as a
crucial region for future growth.
Minsheng Financial Leasing was
established in 2008 by China Minsheng Banking Corp and Tianjin Free Trade Zone
Investment Co. The company reports more than 190 billion yuan ($30.6 billion) in
assets. ($1 = 6.2191 Chinese Yuan).
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