Deer Jet Beijing (BDJ, Beijing Capital) has concluded its acquisition of a majority of shares in flight services provider UAS International Trip Support.
UAS is a global flight support solutions provider, with key office locations in Houston, Johannesburg, Hong Kong and Dubai. The acquisition means that it will be the flight support partner for the fleet of more than sixty aircraft under Deer Jet’s management, which include Gulfstream IVs, Gulfstream VSPs, Falcon 7Xs, three B737-700(BBJ)s, and a B787-8. Deer Jet is a wholly owned subsidiary of the HNA Group and was the first business aviation management company to be established in China.
The strategic partnership between UAS and Deer Jet aims to strengthen the positions of each company in the private air services space. Working together, the owners of the two companies hope to grow their businesses on a global scale.
The executive management group of UAS will remain the same, with Executive President Mohammed Husary and CEO Omar Hosari.
Deer Jet is already a major shareholder of Asia Jet (Hong Kong International) and Hawker Pacific through its subsidiary Hongkong Jet (Hong Kong International), and says that it will continue to make strategic partnerships and acquisitions.
Although China’s business aviation growth has slowed in the last two years, it is still experiencing a 5% increase year on year.
