Deer Jet – the premier business aviation company and subsidiary of HNA Group- and leading global ITP UAS International Trip Support have signed a SPA that will see Deer Jet acquire Major shares in UAS. The agreement was announced today at NBAA-BACE 2016 and is expected to be completed by December 2016.
According to the terms of the agreement, UAS shares will be held by Deer Jet and the existing shareholders. Additionally, both parties accorded that UAS Group executive management will continue to be led by both Founders Mr. Mohammed Husary as Executive President alongside Mr. Omar Hosari as Chief Executive Officer.
The partnership will see both companies benefit from valuable synergies the agreement facilitates. The alliance will see both dynamic and visionary companies enhance their capabilities significantly to revolutionize international business flight and user experience.
In its 21st year of operation, Deer Jet operates as a wholly owned subsidiary of HNA Group, a Fortune 500 conglomerate engaged in tourism, aviation, capital investment and eco-technology among other businesses. Deer Jet operates an impressive fleet including the world’s only BBJ 787 in VVIP configuration – “the dream jet”- and has a vision of building an international brand and a global service network for business aviation. Deer Jet has been named the World’s Leading Private Jet Charter by the World Travel Awards (WTA) for its excellence in service and contributions to the industry.
Since its establishment in 2000, UAS has become a global leader in the flight support industry with four continental headquarters in Houston, Johannesburg, Hong Kong, and Dubai, four regional offices in Nairobi, Lagos, Beijing, and New Delhi, and ground presence in 23 global destinations. UAS’ visionary growth strategy is based on technological advancement, strong emphasis on user experience maximization and thought leadership.
This partnership will facilitate both companies’ ambitions to expand their footprint in the international aviation industry.
Mr. Mohammed Husary, UAS Co-Founder and Executive President, said: “A pioneering spirit is something both UAS and Deer Jet share, and we’re extremely pleased to partner with this leading business aviation group. Deer Jet is a company that consistently demonstrates its ambition and dynamism, an outlook which mirrors UAS’ strategic and organizational goals.”
He added, “UAS’ growth and expansion plans will be accelerated greatly by having such a strong partner. Deer Jet’s support will help us to realize our medium-term goals and maximize our ambitions for the long-term future.”
Mr. Omar Hosari, UAS Co-Founder and Chief Executive Officer, said: “The alliance with Deer Jet will greatly enhance UAS’ dominance in the trip support industry as it gains access to massive business potential. Likewise, Deer Jet will gain the support of a world-class flight support leader that will help them grow and quickly develop its global market to increase its global footprint.”
Commenting on the agreement, Mr. Zhang Peng, Chairman and President of Deer Jet said: “At Deer Jet we feel very excited to enter into this strategic agreement with UAS which will strengthen our global operation capabilities, upgrade customer service experience and boost the international development of our company. In the upcoming future, Deer Jet will continue to expand its global footprint through a series of strategic acquisitions. We are committed to create and deliver a very distinctive brand experience by mixing the best of arts, design, and oriental hospitality to serve our global customers. ”
UAS and Deer Jet will exhibit together at NBAA-BACE 2016, booth 2682.