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Sep
2014

Warren Buffett finally enters the Chinese private aircraft market

On 24th September, one of Buffett’s Berkshire Hathaway companies NetJets, a private aircraft leasing company claimed that after two years of application and approval, it had been licensed to carry out aircraft leasing services in China and has access to the necessary China Civil Aviation Administration CCAR -135 Ministry operation certificate.

NetJets is the first foreign company to provide the private aircraft leasing in China. The investment demonstrates confidence and understanding from Warren Buffett in and about the market. With a growing wealthy population, China is gradually developing into one of the fastest growing private jet markets in the world and currently 25% of global private jet orders come from China. Canadian private aircraft manufacturer Bombardier predicts that over the next 20 years, the Greater China region will purchase 2420 private aircraft and that approximately 1000 private aircraft will be delivered during 2013 to 2022 period. Although there are a number of restrictions limiting private flying in China, the indications from the government are that it is planning to gradually relax these restrictions. ….

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