OJets, a new integrated provider of business aviation services, launched service with the purchase of a Bombardier Global 6000 and a Bombardier Challenger 650 from Minsheng Financial Leasing, a financial institution focused on business aviation.

“We are honored to have closed with Minsheng Finance Leasing Co. of China as our finance partner and look forward to building our relationship as we expand OJets,” said Michael Ta, CFO of OJets. “We have implemented a growth objective to quadruple the size of OJets’ current fleet by the end of Q2. This growth is underpinned by $350 million in equity and debt and will establish OJets as a global operator with one of the newest fleets of long range business aircraft in service.”

Headquartered in Singapore, OJets provides on-demand charter, a pay-as-you-fly service, as well as a block hour program for frequent travelers, which guarantees 48-hour aircraft availability at a fixed hourly rate, including global coverage without ferry fees within service area, no initiation fee and no monthly management fees.

“We are delighted to collaborate with OJets, a new integrated provider of comprehensive business aviation services, to bring a Global 6000 and a Challenger 650 into its fleet,” said Wang Fuhou, president of the Business and Commercial Aviation Leasing Division of Minsheng Financial Leasing. “Both parties are confident in our partnership and in the business aviation market. We look forward to the success of this cooperation.”

With support from major shareholder China Minsheng Banking Group, Minsheng Financial Leasing is one of the first five banking financial leasing companies approved by the China Banking Regulatory Commission. Its business covers business aircraft, commercial aircraft, commercial vessels, offshore facilities, cold chain logistics, vehicles, engineering, energy, medical, electronic as well as environment protection equipment.