Leading business aviation company Deer Jet has concluded the acquisition of major shares of UAS International Trip Support, a major global flight support solutions provider.
The agreement was completed ahead of MEBAA Show 2016 by UAS’ existing shareholders and Deer Jet chairman Zhang Peng.
UAS Group executive management continues under the leadership of both co-owners and founders Mohammed Husary, as executive president, and Omar Hosari as chief executive.
First announced at NBAA-BACE 2016 in October with a view to finalising by the end of 2016, the strategic alliance is set to massively benefit the two industry heavy-weights and their clients by significantly improving their capabilities and accelerating strategic goals to enhance international business aviation flights and user experience.
UAS is now the flight support partner for the impressive fleet of 90 aircraft that Deer Jet operates and manages.
Husary said: “We’re delighted that this partnership is now ratified, it is the result of a long period of discussion and negotiation between our two companies.
“We are also extremely pleased to have such a pioneering and successful partner as Deer Jet is a major boon for UAS’ global strategic objectives.
“Our two companies reach and expertise will have a massive impact on the solutions we can both offer,” he added.
The fleet includes the world’s only BBJ 787 in VVIP configuration - “the Dream Jet.”
Deer Jet operates as a wholly owned subsidiary of HNA Group, a Fortune 500 company, and by joining the Deer Jet family, UAS will have more opportunities to serve the group’s airlines.
Zhang Peng, chairman, Deer Jet said: “We are delighted to conclude the share acquisition of UAS and very excited to see the valuable synergies our companies are about to create in the near future.
“After founding Hong Kong Jet, and acquiring shares of Asia Jet, Hawker Pacific and UAS, Deer Jet will continue to expand its global range through strategic partnerships with the best companies in the world of business aviation.
“For second consecutive year, Deer Jet has been selected as the World’s Leading Private Jet Charter by the World Travel Awards, a strong statement on our longstanding leadership and firm commitment towards excellence in service.”