NetJets a step closer to providing service in China
06/10/2014 10:50 AM
08/08/2014 10:24 AM
NetJets Business Aviation Limited, called NetJets China, is moving closer to providing charter service and aircraft management in China.
The company, a joint venture among U.S.-based NetJets and a consortium of Chinese investors, said it has obtained an operating permit from the Civil Aviation Administration of China.
The approval moves NetJet China closer to the final step of certification of its operating certificate.
Then, NetJets China will be able to begin providing private jet services in China.
The company hopes to receive its operating certificate over the next few months.
In the meantime, NetJets China has been preparing for the start of flight operations, it said.
It’s hired staff, established the needed internal structures and process for flight operations and has begun forming relationships with key vendors, the company said.
It’s also bought and imported two planes into China — Wichita-built Hawker 800s — to offer charter services as soon as it gets approval.
The business is a joint venture among NetJets; Hony Jinsi Investment Management, a Chinese private equity firm; and Fung Investments, a private investment company.
Operations are based in the Zhuhai Jinwan Airport.
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