Charter & Fractional
Minsheng Subsidiary To Join NetJets China Ownership
Upon the transaction’s approval, the China Minsheng Investment subsidiary will acquire 35 percent of the joint venture.

NetJets China and Business Aviation Asia (BAA) yesterday announced a strategic equity partnership that will see BAA, a China Minsheng Investment subsidiary, join Hony Jinsi Investment Capital and Fung Investments as shareholders with NetJets in the joint venture. The deal, subject to approval from the Chinese Ministry of Commerce and the CAAC, would see BAA acquire a 25-percent stake and make it the second-largest investor in NetJets China, as U.S.-based NetJets confirmed that it will still maintain its 49-percent share in the company.