NetJets announced that it is preparing to launch its NetJets China business once government approval for the operating certificate is finalized – expected mid-year in 2014.

NetJets Business Aviation Limited is part of a joint venture with NetJets; Hony Jinsi Investment Management (Beijing), a subsidiary of Hony Capital, a private equity firm of China; and Fung Investments, part of the private investment arm of the families of Dr. Victor Fung and Dr. William Fung, the controlling shareholders of the Li & Fung group of companies that are involved in supply chain management, as well as the wholesale and retail of consumer products.

“NetJets Business Aviation Limited has been working closely with the Chinese government to obtain its operating certificate,” said NetJets Chairman and CEO Jordan B. Hansell, “and we are very excited to be on the threshold of formally launching our new business in China.”