US business-jet company awaits green light to start China operations

Fewer than 300 privately owned jets are authorized for flight in China, and in August NetJets, which American billionaire Warren Buffett acquired after being a customer for three years, is looking to become basically an air-taxi service for China's wealthy and corporate customers.

"We firmly believe that China is an important growth market for private aviation," NetJets spokesman Tom Hoyt says.

August is when the subsidiary of Buffett's Berkshire Hathaway Inc is expecting to get final approval for its operating certificate from the Civil Aviation Administration of China, company CEO Jordan Hansell told The Wall Street Journal earlier.