Wang Fuhou: Mr China

Alud Davies
By Alud Davies January 13, 2015 14:15

Wang Fuhou: Mr China

Wang Fuhou is No. 9 on the Corporate Jet Power List 2015.

No other finance company dominates its market like Minsheng Financial Leasing. Customers can buy their aircraft from Minsheng, finance it with Minsheng, and operate it with Minsheng International Jet.

Wang Fuhou has recently replaced Johhny Lau as the new vice president of aviation at Minsheng Financial Leasing and faces several challenges. Demand for new jets has slowed down and many existing owners are not flying as often. Some 25 per cent of the active Chinese business jet fleet is currently up for sale, infrastructure and airspace changes appear to have stagnated. The operators market is also in flux with consolidation happening (although this is also an opportunity for Minsheng).

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Wang, however, does know business aviation well. He was one of the people who set up the Minsheng’s business jet leasing division and before taking his new role, he held a similar role, in charge of aviation leasing in northern China.

As well as managing Minsheng’s large outstanding order book with manufacturers, Wang will also be looking towards placing aircraft outside the company’s traditional domestic Chinese market, while trying to teach us all that you actually pronounce Minsheng as ‘Mun-Shung.’

Alud Davies
By Alud Davies January 13, 2015 14:15

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