Subscribe free to our newsletters via your
. Space Industry and Business News .




AEROSPACE
Gulfstream announces 60-plane deal for China
by Staff Writers
Shanghai (AFP) April 15, 2014


Business jet maker Gulfstream Aerospace Corp. on Tuesday announced a deal to sell 60 aircraft to a Chinese leasing company, one of the largest orders in the US company's history.

The agreement, signed with Minsheng Financial Leasing Co. in the fourth quarter last year, includes firm orders for 40 Gulfstream aircraft and options for 20 more, the company said in a statement. Financial details were not disclosed.

Private jet use in China is small but rapidly growing, backed by demand from wealthy individuals and Chinese companies operating overseas, industry officials say.

The order includes planes from across Gulfstream's product line, including the G280, G450, G550 and G650. Deliveries to Minsheng will start in 2015, a Gulfstream spokesman said.

"It's a significant order. We think it's a commentary on the China market and on Gulfstream," Scott Neal, Gulfstream's senior vice president for sales and marketing, told AFP on the sidelines of an industry show in Shanghai.

He added the event was "appropriate" to make a public announcement, even though the deal was closed last year.

The Gulfstream fleet in greater China stands at more than 130 aircraft, according to the company. Gulfstream is a subsidiary of aerospace and defence firm General Dynamics.

Minsheng Financial Leasing, owned by China Minsheng Banking Corp., said the Gulfstream order was the largest in the company's history. Founded in 2008, Minsheng has purchased more than 200 aircraft to date, an official said.

The number of business jets in greater China -- which includes Hong Kong, Macau and Taiwan -- rose from 203 in 2011 to 371 at the end of last year, including 248 in mainland China alone, according to Hong Kong-based aviation consultancy Asian Sky Group.

.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





AEROSPACE
Kelly Aviation Center is Now Lockheed Martin Commercial Engine Solutions
Phoenix AZ (SPX) Apr 10, 2014
Kelly Aviation Center, a leading provider of aircraft engine maintenance, repair, and overhaul for international commercial and military customers, has changed its name to Lockheed Martin Commercial Engine Solutions (LMCES). "Since 1999, we have been proud to be Lockheed Martin's only jet engine MRO service provider," said Amy Gowder, vice president and general manager of LMCES. "Over the ... read more


AEROSPACE
Refreshingly cool, potentially toxic

Vanguard Space Technologies Antenna Reflectors on Amazonas Satellite Launch

Headwall Extends Global Reach in Asia/Pac and Israel

A new twist for better steel

AEROSPACE
Intelsat and L-3 Test Protected Air Force Tactical Technology on Ku-band

Spectrum Challenge Paves Way For More Reliable Radio Communications

Testing Begins on Third AEHF Satellite

Northrop Grumman Flies First Production Smart Node Pod

AEROSPACE
NASA Ames Launches Nanosatellites, Science Experiments on SpaceX Rocket

On-board camera provides a unique perspective on Arianespace Flight VS07

The DZZ-HR satellite is fueled for Arianespace's upcoming Vega launch

EUTELSAT 3B Mission Status Update

AEROSPACE
Fifth Boeing GPS IIF Satellite Joins Global Positioning System

Satellite Navigation Failure Confirms Urgent Need for Backup

USAF Awards Lockheed Martin Full Production Contracts For Next Two GPS 3 Satellites

PSLV-C24 Launches India's Second Dedicated Navigation Satellite IRNSS-1B

AEROSPACE
Boeing Phantom Badger Certified for V-22 Transport

Hunt for black box signals zeroes in on 'final resting place'

Kelly Aviation Center is Now Lockheed Martin Commercial Engine Solutions

Lockheed Martin delivers F-16 to Oman

AEROSPACE
Catching the Invisible Wave

To bridge LEDs' green gap, scientists think really small

Future computers that are 'normally off'

Intel lays off of 1,500 employees in Costa Rica

AEROSPACE
DMCii help Dutch company eLEAF provide much needed crop information to African farmers

China preps satellite to help detect quakes

NASA Radar Watches Over California's Aging Levees

Sentinel-1 performs opening dance routine

AEROSPACE
Snowstorms and power outages present elevated risk for carbon monoxide poisoning

Strong winds won't solve British pollution, advocacy says

China detains 18 over 'violent' chemical protests in Maoming

England issues health warnings over air pollution




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.