Boeing ,Minsheng Financial Leasing committed to 30 737s

Boeing and Minsheng Financial Leasing (Minsheng) today signed a Memorandum of Understanding (MOU) at the Paris Air Show for the purchase of 30 737 airplanes, a mix of Next-Generation 737 and 737 MAX airplanes.
"Minsheng has enjoyed a successful relationship with Boeing," said Wang Fuhou, Vice President of Minsheng for Aviation Unit. "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 [600016.CH/ 1988.HK], the largest private commercial bank in China.

Minsheng has become a top-tier leasing company in China and has enjoyed the leading position in the business jet market. In 2013, Minsheng entered commercial airplanes, focusing on high-demand aircraft type and the global aviation market.

"We are thrilled with Minsheng's decision to purchase the 737 family of products," saidIhssane Mounir, senior vice president of Sales for Northeast Asia, Boeing Commercial Airplanes. "It's a milestone for Minsheng to become a major player in the leasing industry. This agreement for 737s, which offer market-leading fuel-efficiency and reliability, will allow Minsheng to capture the strong demand in both the domestic and global single-aisle market."

The Next-Generation 737's market success has been confirmed by investors who consistently rank it as the most preferred single-aisle airplane due to its wide market base, superior performance efficiency and lowest operating costs in its class. The 737 MAX builds on the strengths of today's Next-Generation 737 by incorporating the latest-technology to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

Minsheng currently owns more than 30 commercial aircraft which are leased to more than 10 airlines customers across the world.

Comments

Alh.Ibrahim Idrisu, Former NAMA Director of Finance &Admin Is Dead

Former Director of Finance and Administration, Nigerian Airspace Management Agency( NAMA),Alhaji Ibrahim Idrisu is dead. Idrisu , according to family sources died on Monday evening after a brief sickness. He will be buried later today in his home town Agbede, Etsako West Local Government Area of Edo State. Until his death,he was a senior lecturer at the National Open University of Nigeria (NOUN) Lagos Campus and lately the Deputy Director, School of Business. Idrisu,while serving at NAMA was loved by all because of his humility, dedication to duty and above all, accessibility to staff and the general public.

Keyamo on Investment Drive in France

The Minister of Aviation and Aerospace Development,Barr. Festus Keyamo on investment drive in France with top management staff of the Agencies and industry stakeholders, has invited private investors in that country to participate in the current move to upgrade infrastructure in Nigeria aviation sector. The four- day visit, tagged the "Nigeria France Bilateral Business Forum", is aimed at strengthening cooperation and explore business opportunities in the aviation sector between the two countries. A statement by Tunde Moshood, SA Media and Communications to the Minister, disclosed that Barr. Keyamo presented a comprehensive and convincing roadmap to his hosts ,inviting them to invest in the thriving aviation sector. On the working business trip are ; Mrs. Olubunmi Kuku, MD of FAAN, Capt. Chris Najomo, Acting Director General of NCAA, and Engr. Faruk Umar of NAMA . The delegation, according to the statement embarked on a thorough aviation business exploration across key

UAE Lifts Visa Ban on Nigerian Travelers

President Bola Ahmed Tinubu and President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, on Monday in Abu Dhabi, on Monday finalized a historic agreement leading to the immediate lift in visa ban on Nigerian travelers. By this emerging agreement, both Etihad Airlines and Emirates Airlines which had ceased operation into Nigeria are to immediately resume flight services into without any further delay. As negotiated between the two Heads of State, the immediate restoration of flight activity, by these airlines and between the two countries, does not involve any immediate payment by the Nigerian government. In recognition of President Tinubu’s economic development diplomacy drive and proposals today presented by President Tinubu to his counterpart, an agreed framework has been established, which will involve several billions of U.S. dollars worth of new investments into the Nigerian economy across multiple sectors, including defense, agriculture and others, by the invest

AVIATION MEGAFORCE

Search This Blog