NetJets is preparing to launch its NetJets China business in mid-2014, by which time it expects to receive Chinese government approval for an air operator certificate. It also has hired “key people” over the past few months in the run-up to the launch of NetJets’ Chinese joint-venture operation, NetJets Business Aviation Ltd., which initially will provide aircraft management services.
“We are making the necessary arrangements to launch our aircraft management business in China quickly, once our license is approved,” said NetJets chairman and CEO Jordan Hansell. “We are very excited to begin operations there because we see great potential for private aviation in China, as well as throughout Asia. We see China as one of the premier growth markets in the world and look forward to launching an aircraft management business here initially, which could grow into a fractional business in the future.”
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