News Release

Equity transfer completed for Funian Aviation

Metrojet Haite Business Aviation Company Ltd., a joint venture between ExecuJet Haite, a Chinese business jet MRO and wholly owned subsidiary of the Haite Group, and Metrojet Limited, a Hong Kong-based business jet operator, has announced the successful completion of the equity transfer of Funian Aviation Co., Ltd. (Funian) to Southern Star Aviation Limited.

Funian Aviation Co., Ltd. was founded in 2017, with its 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 organisation approval and has FAA Part 91 operation experience. The company has also obtained the coveted IS-BAO Stage II certification.

Following the completion of this 100% equity transfer on 26 July 2024, Metrojet Haite Business Aviation Company Ltd. no longer holds any equity in Funian.

“We have successfully completed this equity transfer and would like to extend our heartfelt thanks to all the teams and individuals involved for ensuring a smooth and efficient transition. This milestone marks a significant step forward for all parties, and we are confident that it will lead to continued growth and success for Funian,” expressed Mr. Paul Desgrosseilliers, general manager of ExecuJet Haite, and Mr. Gary Dolski, CEO of Metrojet, jointly from Metrojet Haite Business Aviation Company Ltd.

“Metrojet will continue with our operations in Hong Kong and Philippines, maintaining our commitment to providing the highest standards of safety and service to our aircraft management and maintenance clients in the Asia Pacific region and beyond,” commented Mr Gary Dolski, CEO of Metrojet.