Minsheng Financial Leasing Co. is spearheading an alliance of 17 companies that are declaring their intent to develop the Chinese business aviation industry in an orderly fashion and to Western standards. “By founding the Shanghai Alliance … Minsheng aims to help nurture China’s business jet market on a sound, healthy and sustainable course,” the company says. The Civil Aviation Authority of China (CAAC) backs the alliance and will attend regular meetings as its shapes government policy ...

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