In another major announcement at ABACE, Business Aviation Asia (BAA), one of the largest corporate jets operators in the Asia-Pacific region announced a strategic equity partnership with charter operator NetJets China. Subject to approval by Chinese regulators, BAA will acquire 25% of NetJets China, becoming the second largest shareholder after NetJets which will retain a 49% holding. BAA is a subsidiary of China’s Minsheng Investment and started operations from its Shenzhen base in 2006. It operates a fleet of some 56 aircraft.