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Minsheng Financial Leasing Confirmed as Previously Undisclosed Challenger 350 Jet Buyer

April 15, 2014 Shanghai Aerospace,  Press Release

Bombardier Aerospace today confirmed Minsheng Financial Leasing Co., Ltd. as the customer who placed an order for 10 Challenger 350 jets on December 30, 2013. The announcement was marked by a special ceremony attended by Bombardier and Minsheng Financial Leasing executives at the Asian Business Aviation Conference and Exhibition (ABACE) in Shanghai, China, on April 15, 2014.

“We are honoured that Minsheng Financial Leasing has placed their trust in our new Challenger 350 jet,” said Eric Martel, President, Bombardier Business Aircraft. “Bombardier’s best-selling Challenger aircraft family is key to leading business jet fleets around the world, and we are delighted to get, once again, such a strong endorsement for Bombardier products in China.”

“Bombardier is one of the largest aircraft manufacturers in the world”, said Johnny Lau, Vice President, Aviation Leasing Division, Minsheng Financial leasing. Co., Ltd. “The superior performance of its aircraft and quality of its services gave it the very important position it holds in the world’s aviation industry. Bombardier has built an excellent brand.”

Challenger 350 aircraft: The Challenger 350 jet boasts class-defining performance, a true seats full, tanks full, 3,200 nm (5,926 km) range and will connect Shanghai with Jakarta*. Building upon the legendary segment-defining Challenger 300 jet, it features a state-of-the-art cabin that maximises natural light and redefines the man-machine interface, all the while maintaining the performance attributes that have become synonymous with the Challenger aircraft family.

About Minsheng Financial Leasing
Founded in April of 2008, Minsheng Financial Leasing Co., Ltd. was one of the first five Chinese financial leasing companies with a banking background to be approved by the China Banking Regulatory Commission (CBRC). MSFL was co-founded by China Minsheng Banking Corporation Ltd. (CMBC) and Tianjin Port Free Trade Zone Investment Co, Ltd. Following a successful increase in capital and stocks on December 14, 2011, MSFL’s capital was increased from 3.2 billion to 5.095 billion. In the period leading up to June 2012, the total assets of the company exceeded 70 billion yuan, and the total fund used in business exceeded 100 billion, with zero non-performing assets. Its profit-making ability, size of assets, and level of profit have made the company the top performer in the industry.

About Bombardier

Bombardier is the world’s only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2013, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Notes to Editors

Follow @Bombardier_Aero on Twitter to receive the latest news and updates from
Bombardier Aerospace.

* Under certain operating conditions

This press release contains information about aircraft currently under development and subject to change during the course of the design manufacture and certification process.  Any statements about performance, description, or design of these aircraft are subject to change without notice.

Bombardier, Challenger, Challenger 300, Challenger 350 and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

For Information

Annie Cossette

Bombardier Business Aircraft

+1-514-855-4388       

annie.cossette@aero.bombardier.com                                           

www.bombardier.com

 

Chen Fei

MinshengFinancial Leasing

+86 10 5608 7506

chenfei@msfl.com.cn

http://www.msfl.com.cn

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