Chinese business aviation specialist, Deer Jet Beijing, says that through its subsidiary Hongkong Jet (Hong Kong International), it has finalized the acquisition of Asia Jet (Hong Kong International).
Under the terms of the tie-up, Hong Kong Jet acquired 100% of Asia Jet's equity with the purchase finalized following the signing of a shareholders agreement.
"The acquisition will enhance Hong Kong Jet´s service capabilities, becoming one of the leading jet management and maintenance companies in the Asia Pacific region," a joint communique stated. "At the same time, Hong Kong Jet will lead the business jet charter service sector in Hong Kong."
The acquisition will now also allow Hong Kong Jet to provide jet charter, management and maintenance services for aircraft registered in the United States, Bermuda and Hong Kong.
Hong Kong Jet was founded in 2009 and is a unit of China's HNA Group operating A318CJs, A319CJs, and a VIP-configured A330-200. It holds AOCs in Hong Kong and Bermuda.
For its part, Asia Jet was founded in 2008 and currently operates various corporate jets including Cessna (single turboprop) 208B Grand Caravans, Finmeccanica Helicopters AW139s, Gulfstream G150s, Gulfstream G200s, Gulfstream G280s, Gulfstream IVs, GVI-G650ERs, Hawker 850XP/900s, Cessna 680s, Falcon 900s, Embraer Legacies, and A319CJs.
