Minsheng Financial Leasing

and

China’s Corporate Jet Market

ZHANG Bo, President of Aircraft Leasing Division and

Vice President of Minsheng Financial Leasing

I、MSFL Introduction

II、China’s Corporate Jet Market in the Past Five Years

and the Coming Ten Years

III、2nd Five-Year Plan of MSFL Aviation and its

Service Ecosystem

IV、Our team

Founded in April of 2008 by China Minsheng Banking

Corp., Minsheng Financial Leasing (MSFL) was one of

the first five Chinese financial leasing companies with

banking background to be approved by the China

Banking Regulatory Commission (CBRC).

MSFL overview

Registered Capital: 5.1 billion RMB (CMBC 51%).

Total Assets: more than 110 billion RMB ($18 billion).

After-tax Net Profit: 1.6 billion RMB ($260 million).

ROA/E: leading position in the industry the most

profitable financial leasing company in China.

MSFL is China's largest corporate jet leasing company and the largest ship

leasing company. It has more than 140 ships and more than 180 aircrafts. More

than 100 aircrafts are expected to be delivered by the end of 2013.

March 2012, initiated by Minsheng Financial Leasing, the top eight OEMs and eight domestic business

jet operators formed the “China Corporate Jet Shanghai Alliance”. Together they announced the

“2012 China Corporate Jet Shanghai Declaration” and strive to build a completed service system,

undertake their role as manufacturers, finance providers, operators, service providers, and provide

“honest and trustworthy, and standardized” services.

New members this year: Hawker Pacific (Hawker Pacific), Minsheng International General Aviation

Corporation, Netjets and Metrojet (Hong Kong Commercial Aircraft Co., Ltd.)

China Corporate Jet Shanghai Alliance

G650 First Debut in Asia and Gulfstream full fleet presentation

Hosted by MSFL and Gulfstream, Beijing, 2013 March

China Corporate Jet Shanghai Alliance

I、MSFL Introduction

II、China’s Corporate Jets Market in the Past Five

Years and the Coming Ten Years

III、2nd Five-Year Plan of MSFL Aviation and its

service ecosystem

IV、Our team

Content

Corporate Jet Market in Mainland China

Forecast of numbers and growth rate in Mainland China

By Up to Fleet Growth%

China State Council 2020 522 19%

CAAC 2015 250 23.1%

CAAC 12th five year plan 2015 218 18.9%

CAIGA(China Aviation Industry General Aircraft)

2021 700 20.4%

Bombardier 2021 710 20.6%

Boeing 2031 4000 19.7%

McKinsey 2021 1900 33.1%

Ascend 2021 700 20.4%

Embraer 2021 744 21.2%

Honeywell 2019 960 31.3%

Teal 2021 1200 27.1%

Development of Chinese Private Sector

Dec, 1978 Reform and open up

policy made in The

third plenary session of

the communist party of

China

1992 Deng Xiaoping's southern

tour, called for speeding up

the pace of economic

reforms

1992~2000 Starting stage of POEs

2000~2010 Golden decade of POEs

2005 POE contributed to half of

the national GDP, Tax and

Employment

Chinese

Economy

Development of Chinese private owned economy

Over the past 30 years, China's economic reform and

opening up policy has achieved remarkable results. The

past 10 years was the golden decade for China's private

sector. And now, we are confident that in the next 10

years, China, particularly its private owned economy will

remain in the stable growth path.

Top

POE

Development of Chinese private owned economy

Development of Chinese private owned economy

Content

I、MSFL Introduction

II、China’s Corporate Jets Market in Past Five Years

and Future Ten Years

III、2nd Five-Year Plan of MSFL Aviation and the

Service Ecosystem

IV、Our team

The Chain of Services

MSFL

Aircraft Model Selection

Contract Negotiation

Finance and Tax Arrangements

Aircraft Import

Operation

Flight Hour Swap

Advantages

Residuals

2nd Five-Year Plan of MSFL Aviation and the Service Ecosystem

Net Asset of Client

A1=￥10

B

A2=￥5 B

A3=￥ 3 B

A4= ￥1 B

Flight Hours per year

B1=400

B2=200-

400

B3=50-200

B4=50

Fractional

Ownership

Wholesale Hours Retail Chartered

MSFL’s ecosystem

Whole Aircraft

Purchase/Lease

MSFL major movements in 2012：

Building the FIRST Chinese

general aviation airport in Hebei Province；Covering Beijing

Acquired a corporate jet operator

MSFL’s ecosystem

2nd Five-Year Plan of MSFL Aviation and the Service Ecosystem

Content

I、MSFL Introduction

II、China’s Corporate Jets Market in the Past Five

Years and the Coming Ten Years

III、2nd Five-Year Plan of MSFL Aviation and the

Service Ecosystem

IV、Our team

总裁 President

张博 ZHANG Bo

Market Team

陈飞

CHEN Fei

Aircraft

Acquisition

Dept.

王福厚 WANG Fuhou

North

Asia

Sales

朱嘉业

ZHU Jiaye

South

Asia Sales

童小童 TONG

Xiaotong

Finance

Dept.

周丽媛

Joanna Zhou

Operating

Dept.

风险总监

CRO

Risk Mgt.

Dept.

营运总监

COO

Integrated

Mgt. Dept.

HK office

Chris

Buchholz

HK

Represent

ative

Office

Our Team

Thanks!

MSFL is committed to becoming the biggest and the best comprehensive corporate jet

service provider in Asia