Amber Aviation announces closing of NetJets investment Starting April 2022 the addition of 20 aircraft to its China fleet from NetJets

FOR IMMEDIATE RELEASE

SHENZHEN, November 17, 2021 – Amber Aviation is honoured to announce today that it has successfully closed its Series B funding round. Included in the funding is additional financing from Amber Aviation’s existing investor Hony Capital, also new investors NetJets, the Fung Investment, and Macau-based Liu’s Group.

Starting in April 2022, NetJets will assist Amber to build up a core fleet of business jets, which includes transferring up to 20 aircraft to Amber Aviation over the next two years from its existing fleet which will then be operated under Amber Aviation’s AOC. ” This partnership with Amber Aviation offers NetJets a unique opportunity to provide long-term service in the Asian Market to our Owners,” said Adam Johnson, NetJets Chairman and CEO. “The team at Amber Aviation shares NetJets’ commitment to safety and service, and is a truly collaborative partner that we look forward to working with alongside our respected co-investors.” NetJets will also support Amber in the acquisition of additional business jets direct from various manufacturers with whom NetJets has long standing relationships.

The additional funding will assist Amber Aviation in setting up a new Jet Card, a Membership Club but most significantly, a Shared Lease program. “The Shared Lease program will be amongst the first in China,” said Mr. Chang Qiusheng, Founder and President of Amber Aviation. ” There’s a huge gap in the market for charter users that wish to take the next step towards full aircraft ownership given the financial undertaking required. By bridging the gap with our Shared Lease, Jet Card and Membership programs,Amber Aviation will help grow the number of business aviation users in Asia, which will benefit the whole industry.”

Amber Aviation will receive its first aircraft from NetJets in April 2022, with the remaining aircraft due to be transferred before the end of 2023. NetJets will also assist in setting up the new programs by providing service support, sales assistance, product design and legal support.

“I’d like to thank everybody on both the Amber Aviation and NetJets sides for working so hard to make this happen. I am incredibly proud that NetJets chose Amber to be its partner, as it demonstrates how far Amber Aviation has come in the past four years since being set up.” Said Chang. “With NetJets’ assistance we can quickly build up the available fleet of aircraft so that we can be ready once international borders fully reopen. We understand that the size of the fleet is very important, so by having aircraft in place ready, we are sure that we can be successful.”

To ensure that clients have easy and quick access to the aircraft, Amber Aviation will base the new aircraft across major cities in China and Asia, including Beijing, Guangzhou, Shanghai, Hangzhou, Shenzhen, Macau, Hong Kong and Singapore.

As well as being able to enjoy NetJets’ luxury events, Amber Aviation’s clients will benefit from NetJets’ expansive FBO network in the U.S. and Europe. NetJets will also guarantee aircraft availability to Amber Aviation’s clients, enabling them to connect seamlessly into the NetJets fleet of private jets in Europe or the US for their onward journeys.

Amber Aviation’s management clients will also benefit from the company’s alliance with NetJets by being able to enjoy the same pilot training rate at Flight Safety International.

For media enquiries please contact Jerry Ho: jerryho@amber-aviation.com

About NetJets Inc.

Originally incorporated in 1964 as Executive Jet Airways, NetJets Inc. has been setting—and exceeding—industry standards for more than 55 years. Today, NetJets Inc. is proud to be a Berkshire Hathaway company known for its unwavering commitment to safety and service. It encompasses NetJets, Executive Jet Management, QS Partners, and QS Security and offers a variety of travel solutions customized to fit each Owner’s needs. This includes fractional aircraft ownership, lease and jet card options, aircraft management, private jet chartering, brokerage and acquisition services, and specialized security services. This is why so many of the world’s most discerning travelers choose NetJets Inc. generation after generation. It is also because NetJets has the largest, most diverse private jet fleet in the world, which grants anytime access to even the most remote destinations across the globe. To learn more about the leader in private aviation, visit netjets.com today.

About Fung Investment

Fung Investments is a private investment company owned by the families of Dr. Victor Fung and Dr. William Fung, the controlling shareholders of the Li & Fung Group, the world’s leading end-to-end supply chain and logistics solutions provider for brands and retailers internationally. Specializing in identifying windows of opportunity that are poised for growth, Fung Investments’ core strength lies in bringing together partners from around the world to invest in sectors that have the potential to transform or shape the future of industries in Asia, with a focus on Hong Kong and Mainland China.
Its holdings include Fung Properties; Fung Capital, whose investments include Lever Style and the Asia Food Growth Fund, an investment platform focused on capturing the growth and market opportunities in Asia’s highly fragmented food sector; Fung Strategic Holdings whose investments include idsMED Group, one of the largest integrated solutions providers of medical equipment, supplies and services in Asia; ShopX, one of India’s leading eB2B platforms connecting brands, retailers, and consumers; and Fung Aviation which focuses on investing in aviation-related industries.

About Liu’s Group

Liu’s Group was founded in 1986 by Dr. Liu Chak Wan, a well-known entrepreneur, educator and social activist in Macau. Its business involves many industries such as real estate, culture, technology, finance and transportation. Dr. Liu also initiated the establishment of Macau’s first non-profit private university, Macau University of Science and Technology after the Macau’s handover, and invested in Macau’s only business jet company with a Macau “Airline Operator Certificate”, Macau Jet International Co., Ltd. The Group’s investment in recent years has also focused on the promotion of research and industrialization in high-tech frontier fields such as digital health, medicine and new materials.

About Hony Capital

Hony Capital, founded in 2003 and sponsored by Legend Holdings, is a leading investment management firm that specializes in private equity buyout and expands into areas including real estate, venture capital, hedge fund (Goldstream), mutual fund (Hony Horizon Fund). It focuses on the development of China’s real economy with “Intelligent investing for all ” as its mission.
Hony Capital currently has USD 13 billion under management, with investors from China and the world’s leading investment institutions, including pension funds, sovereign wealth funds, university endowment funds, insurance companies, family foundations and individual investors.
Hony Capital puts China as its top market with investments in over 100 companies in areas of pharmaceutical and healthcare, consumer products, food and beverage, entertainment, environmental protection and new energy, as well as machinery and equipment manufacturing.

About Amber Aviation

Amber Aviation was founded in February 2017 by Mr. Chang Qiusheng. It is headquartered in Shenzhen, China, with branches in Beijing and Shanghai, wholly-owned subsidiaries in Hong Kong and Macau, and operating bases in Tianjin and Ningbo.

Amber Aviation was established by experts in aviation. The management team and core members have nearly 20 years of experience in business aircraft management and services, which is rare in the industry. Amber Aviation adheres to the service values of ‘bespoke, flexibility, expertise and transparency’, and provides aircraft management, customized charter services, operating license consultation, aircraft maintenance, and aircraft trading as a one-stop service platform. Amber provides our customers with a bespoke business jet service that is on par with international standards, and rigorous safety procedures and a highly personalised inflight experience.