BEIJING, April 15 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
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)
(Reporting By Fang Yan; Writing by Matthew Miller; Editing by