Chinese business aviation company Deer Jet has become the “major shareholder” in UAS International Trip Support (UAS), with the deal completed as MEBAA began yesterday.
Under the agreement signed by UAS co-owners Mohammed Husary and Omar Hosari, and Deer Jet chairman and president Zhang Peng, Husary and Hosari will continue as executive president and chief executive respectively.
The move was announced at the NBAA convention in Orlando in October, and was due to be finalised by the end of the year. The two firms have had a long relationship, with UAS the flight support partner for 90 aircraft operated and managed by Deer Jet, including a Boeing Business Jets 787.
Deer Jet is a subsidiary of Chinese Fortune 500 company HNA Group, and through the deal, UAS will “have more opportunities to serve the group’s airlines”, says UAS.
“We’re delighted that this partnership is now ratified,” says Husary. “It is the result of a long period of discussion and negotiation between our two companies.”
Source: Flight Daily News