ExecuJet Haite, a wholly owned subsidiary of the Haite Group, and Metrojet Limited, the Hong Kong-based business jet operator, announced the completion of their Chinese joint venture. The new company, Metrojet Haite Business Aviation Company Ltd., is registered in Shenzhen and allows both companies to build on existing strengths in aircraft management, flight operations and MRO services, and to reinforce their already well-established positions as market leaders within the region. As a first step in the future long-term plans for the joint venture, Metrojet Haite Business Aviation Co. Ltd., has now formally acquired the shareholding of Funian Aviation Co. Ltd., which will be followed by a wider portfolio of companies and acquisitions as opportunities arise.
Funian Aviation Co., Ltd. was founded in 2017, with their main operation base and offices located in Shenzhen, China. Its focus is providing both aircraft management and high-end charter services, with extensive experience in operating a fleet of Gulfstream G450/G550 aircraft. Funian Aviation holds CAAC Part 91 and has a CAAC Part 135 Air Operator Certificate, CAAC Part 145 maintenance organization approval and has FAA Part 91 operation experience. The company has also obtained IS-BAO STAGE II certification.
“With the completion of the joint venture, we now have a strong foundation in place to grow our combined businesses across a larger spectrum of business aviation services delivering added value to our customers and partners through our shared commitment to excellence,” says ExecuJet Haite General Manager Paul Desgrosseilliers.
“The collective goal of Haite and Metrojet is to ensure that Funian Aviation continues to expand, promote and provide superior business aviation services and solutions to the highest international standards of safety, quality and service in the greater China region and abroad. We see this acquisition as an important first step in our relationship with Haite that will lead to an expanded maintenance, support service and aircraft management network across China,” says Metrojet CEO Gary Dolski.
Both Haite and Metrojet contribute to the board of directors of the new joint venture a team of aviation professionals whom on average, have more than 30 years of global business aviation, financial, legal, and overall management experience.