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Amber Aviation completes series C funding

AmberNet’s fractional ownership program will be launched before the end of the third quarter of 2024 (image credit: Amber Aviation)

Amber Aviation announces that it has successfully completed its Series C funding round and will launch Asia’s first true fractional aircraft ownership program by the end of the third quarter of 2024.

Launched in April 2022 as a sub-brand of Amber Aviation, AmberNet includes China’s first fractional lease program in which clients have the same status as if they owned the whole aircraft themselves, but without the high costs associated with aircraft ownership.

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.

Mr. Chang Qiusheng, Founder and President of Amber Aviation, expressed his satisfaction with the successful completion of the Series C financing, stating, “I am delighted to announce the successful closure of Amber Aviation’s Series C funding round.

“This achievement provides substantial financial backing for the imminent launch of our flagship initiative, the fractional ownership program, setting a solid foundation for a successful program introduction and future accomplishments.”

Mr. Chang further disclosed, “The success of Amber Aviation’s shared leasing program in the Asian market underscores the significant regional demand for this innovative model. Leveraging exceptional operational data, we continue to drive product innovation and enhancement.

“The forthcoming fractional ownership program by Amber Aviation, tailored to the regional market and featuring comprehensive offerings, will catalyze the company’s business growth, presenting customers with a diversified and flexible array of aviation service options.”