Business & GA

Hong Kong Jet Finalizes Asia Jet Acquisition

By Juliet Van Wagenen | August 12, 2016
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Photo: Hong Kong Jet

[Avionics Today 08-12-2016] Hong Kong Jet, a Deer Jet Beijing subsidiary, has finalized the acquisition of Asia Jet.

Under the terms of the tie-up, Hong Kong Jet acquired 100 percent of Asia Jet's equity with the purchase finalized following the signing of a shareholders agreement. 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.

"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," the companies said in a joint press release. "At the same time, Hong Kong Jet will lead the business jet charter service sector in Hong Kong."

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