China’s Minsheng Signs MoU for 20 Embraer Bizjets

China-based Minsheng Financial Leasing signed a memorandum of understanding (MoU) for the purchase of up to 20 Embraer business jets. While no specific models were identified in the MoU announcement, Embraer said it covers its “full line of executive jets,” which ranges from the Phenom 100 light jet to the Lineage 1000 bizliner. The MoU is expected to be fully converted into firm orders over the next five years, and deliveries could begin as early as this year.