Buffett-backed NetJets forms China JV with local PE players
NetJets, a private aviation company owned by Warren Buffett’s Berkshire Hathaway, will form a China joint venture with local private equity players Hony Capital and Fung Investments. It is seen as a move to tap the growing demand for private jet management services for both corporate and personal use.
Hony is participating via its wholly owned subsidiary Hony Jinsi Investment Management (Beijing). Fung Investments is a private investment arm controlled by the families of Victor Fung and William Fung,...
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