Charter & Fractional
BAA Takes a Stake in NetJets China
Upon the transaction’s approval, the China Minsheng Investment subsidiary will acquire 25 percent of the joint venture.

Aircraft management and charter providers NetJets China and Business Aviation Asia (BAA) today announced a strategic equity partnership that would see BAA, a China Minsheng Investment subsidiary, join Hony Jinsi Investment Capital and Fung Investments as shareholders with U.S. fractional ownership group NetJets. The deal, subject to approval from the Chinese Ministry of Commerce and the CAAC, would see BAA acquire a 25-percent stake in NetJets China and become its second largest shareholder. NetJets will retain its 49 percent stake in the joint venture.