ExecuJet Haite and Metrojet Complete Joint Venture

ExecuJet Haite has announced its joint venture with Metrojet Limited, a Hong Kong-based business jet operator. The partnership, which will see the new company be named Metrojet Haite Business Aviation Company Ltd., will allow both ExecuJet Haite, a wholly-owned subsidiary of Chinese aviation enterprise Haite Group, and MetroJet to build on existing strengths in aircraft management, flight operations, and maintenance, repair and overhaul services, and to make use of their established positions as market leaders within the region.

Following the joint venture, Metrojet Haite Business Aviation Company Ltd. acquired the shareholding of Shenzhen-based Funian Aviation Co. Ltd., a company that provides aircraft management and high-end charter services.

“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,” said Paul Desgrosseilliers, General Manager of ExecuJet Haite.

“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,” said Gary Dolski, Chief Executive Officer of Metrojet. “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.”