ZHUHAI, China--(BUSINESS WIRE)--NetJets Business Aviation Limited (“NetJets China”), a joint venture among NetJets and a consortium of Chinese investors, announced today it has obtained its operating permit from the Civil Aviation Administration of China. This approval moves NetJets China closer to the final step in its certification, which will be approval of its operating certificate. Then NetJets China will be able to begin providing private jet services for customers in China.
“We are pleased with the continuing progress we are making in obtaining approval to operate in China, and are appreciative of the good relations we have with the government’s regulatory agencies” said NetJets China Vice Chairman Eric Wong. “The granting of this permit positions NetJets China for final approval, which we hope to receive in the next few months.”
While working through the certification process, NetJets China has continued preparing for the start of flight operations. NetJets China has hired its principal staff, established the necessary internal structures and processes for safe flight operations, and begun forming relationships with key vendors. Additionally, the company has purchased and imported two aircraft into China to offer charter services as soon as the government grants its approval.
NetJets China
NetJets Business Aviation Limited is a joint venture among NetJets Inc.; Hony Jinsi Investment Management (Beijing) Ltd, a Chinese private equity firm; and Fung Investments, a private investment company affiliated with the controlling shareholders of the Li & Fung group of companies. NetJets China’s operational headquarters are based in the Zhuhai Jinwan Airport.
NetJets Inc.
NetJets Inc., a Berkshire Hathaway company, is the worldwide leader in private aviation with the largest and most diverse private jet fleet in the world. NetJets is celebrating its 50th Anniversary this year, having been established in 1964 as the world’s first aircraft charter and management company. In 1986, NetJets pioneered the concept of fractional aircraft ownership – offering individuals and businesses all of the benefits of whole aircraft ownership and more, at a fraction of the cost. Today, NetJets offers a full range of private aviation solutions through businesses bearing the NetJets®, Executive Jet®, and Marquis Jet® service brands in North America and Europe.
Private Jet Travel Card
In 2012, NetJets unveiled The Private Jet Travel Card™, offering a unique service to both corporate and individual Chinese clients when they travel abroad. The card opens access to NetJets’ unparalleled safety, service and reliability. The Private Jet Travel Card is sold in increments of 25 hours, allowing the buyer to determine the amount of flight time that is needed, with no long-term commitment. The card grants entry to a large cabin aircraft in the NetJets U.S. and European fleet for an 18-month term, and is designed to be used by Chinese travelers in the U.S., EU and Switzerland.
More information on these companies and services is available at www.netjetschina.com, www.netjets.com, and www.executivejetmanagement.com.
© 2014 NetJets Inc. All rights reserved. NetJets, Executive Jet, Executive Jet Management, and the Marquis Jet Card are registered service marks.