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China Minsheng Investment Seeks to Buy U.S. Private-Jet Company

  • Acquired European private-jet companies earlier in year
  • China is encouraging plane-leasing companies to go abroad

China Minsheng Investment Corp., one of China’s largest private investment funds, said it’s planning to enter the North American market as it grows its aviation business.

Shanghai-based CMI is in talks to acquire a private-jet company located in the western part of the U.S., the company’s vice president Kong Linshan said in an interview Friday in Singapore. Kong declined to name the U.S. company.