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NetJets® China Obtains Certificate to Operate Repair Station

Full operating approval for NetJets China expected in the coming weeks

News provided by NetJets Inc.
July 09, 2014 14:00 KST

ZHUHAI, CHINA--(Business Wire / Korea Newswire) July 09, 2014 -- NetJets Business Aviation Limited (“NetJets China” http://goo.gl/F1Jw0), a joint venture among NetJets and a consortium of Chinese investors, announced today it has obtained its Part 145 Repair Station Certification from the Civil Aviation Administration of China (CAAC). This approval allows NetJets China to commence operation as a repair and service station, and is separate from the Part 135 certification which allows NetJets China to begin full scale operation providing private jet services for customers in China.

“We are pleased with the continued support of the CAAC. We expected the certifications would come at the same time allowing us to begin full service operations however, we are very pleased to have been granted our Part 145 by the CAAC and expect the remaining certification will be granted in the very near future,” said NetJets China Vice Chairman Eric Wong.

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.

Contact

NetJets Inc.
English
Chris Herbert
Global Manager, Public Relations
614-282-2736
cherbert@netjets.com

Mandarin
Eric Wong
Vice Chairman
+86 4008323138, +852.3527.3222
ewong@netjetschina.com

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