NetJets China Finishes Charter Certificate Proving Runs

 - August 12, 2014, 2:55 PM

NetJets subsidiary NetJets China successfully completed proving runs in China, the fourth phase in the process to receive an air operator certificate (AOC) from the Civil Aviation Administration of China. The proving runs were conducted just over a week ago in two Hawker 800s that will be the first aircraft in the NetJets China fleet.

According to Robert Molsbergen, Executive Jet Management president and NetJets COO for global aircraft management, NetJets China should receive its AOC in about 10 days. NetJets China’s operational headquarters is at Zhuhai Aviation Industrial Park, where flight and maintenance operations will be managed by NetJets China Business Aviation, a joint venture between NetJets, Hony Jinsi Investment Management and Fung Investments. Administration and sales offices are in Hong Kong.

NetJets China is focusing on aircraft management and charter, but, if the market grows large enough, fractional shares could be offered in the future. “There [is] a fair [number] of aircraft in-country,” Molsbergen said, “some of which would be a potential customer base for our business–managed aircraft–so we are quite optimistic that we will be able to slowly and prudently build a managed fleet that we can also charter out.”