Private jet company with Hong Kong operations says it will roll out Asia’s first co-owners scheme

Amber Aviation vice-president Vicky Tsui says private aircraft co-ownership scheme will launch in June, allowing fliers to avoid extra costs and paperwork of sole ownership

‘There has been a paradigm shift in aviation after the Covid-19 pandemic. More people have turned to private jets as they look for a safer and more reliable service,’ she adds

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Amber Aviation vice-president Vicky Tsui says the scheme ensures investors can avoid worrying about jet management, manpower or documentation. Photo: Elson Li

Published: 5:46pm, 27 Apr 2024Updated: 7:15pm, 27 Apr 2024

A Shenzhen-based business jet company with operations in Hong Kong has said it will become the first in the Asia-Pacific region to roll out a private aircraft co-ownership scheme, in a bid to cash in on a growing number of passengers seeking premium travel at a lower cost with investment returns.

Amber Aviation vice-president Vicky Tsui told the Post in an interview this week that her company would launch the service in June.

The company said it had also been the first in the region to offer fractional leasing of business jets two years ago. It boasts a fleet of 15 business jets for clients, in addition to owning another six aircraft.

The fractional leasing option offers customers the use of a 16-person charter flight service for at least 50 hours per year at an hourly rate of HK$120,000 (US$15,300) to HK$150,000. The lessee can request the service no less than 24 hours in advance.

“There has been a paradigm shift in aviation after the Covid-19 pandemic. More people have turned to private jets as they look for a safer and more reliable service,” she said.

“Fractional leasing can allow more people to enjoy business jet service at a cheaper cost, as it is difficult for young entrepreneurs to dish out a large sum of money to purchase private jets.