Deer Jet Beijing (BDJ, Beijing Capital) has signed an agreement with Saudi-based investment conglomerate Ajlan & Bros Holding to establish a business aviation joint venture in Saudi Arabia focusing on leasing, hosting, sales, ground agency services, maintenance, and medevac operations. The two parties sealed the deal on May 6 in Riyadh at a Boao Forum for Asia event.

"Saudi Arabia and the Middle East and North Africa markets it represents have become one of the powerful growth engines of the world economy," said Deer Jet's chairman, Yun Qiji. "Deer Jet has established a close cooperative relationship with Ajlan Brothers Holding, aiming to gain a foothold in Saudi Arabia."

Aljan's managing director, Ajlan Mohamed AlAjlan, pointed to "the increasingly obvious demand for cooperation in the field of business aviation" in the relationship between China and Saudi Arabia.

Deer Jet is China's first, and Asia's biggest, business jet operator, with bases at Beijing Capital, Haikou, Shanghai Hongqiao, Shenzhen, and Hong Kong International. According to ch-aviation fleets data, its fleet includes an A319-100, an ACJ320-200, and a Bombardier Challenger 605, two Falcon 7Xs, six Gulfstream G450s, five G550s, two G650s, and three G650ERs. Deer Jet Shanghai (DER, Shanghai Hongqiao), meanwhile, is home to an ACJ319-100, two 7X, one G280, two G450s, five G550s, one G650, three G650ERs, and one GVII-G600. Both entities are subsidiaries of Hainan Airlines (HU, Haikou).

Ajlan & Bros Holding is a diversified group with 75 companies and more than 15,000 employees in 25 countries around the world.