With The Success of AmberNet, Amber Aviation Completes Series C Funding and Prepares for Fractional Aircraft Ownership Programme Launch in 2024
As a leader in customized business aviation services, Amber Aviation has once again garnered strong support from its existing shareholders during this Series C financing round, reaffirming the market and investor confidence in Amber Aviation and its innovative business model.
Launched in April 2022 as a sub-brand of Amber Aviation, AmberNet includes China’s first fractional lease programme in which clients enjoy the same status as if they owned the whole aircraft themselves, but without the high costs associated with aircraft ownership. This pioneering programme resonated across Asia, with many clients choosing to join the programme from across the region, especially from AmberNet’s core China market, as well as from many of the growth economies in Southeast Asia.
As a testament to its success, Flight Master, Asia's premier flight statistics provider, noted that one of AmberNet's Gulfstream G450s was the busiest private jet in 2023, having flown more than 1,100 hours. With an average of 900 flight hours per aircraft, AmberNet truly achieved the utilization rate expected of business jets.
