Deer Jet, a leading global business aviation company, has concluded its acquisition of shares in UAS International Trip Support (UAS), becoming the major shareholder of the global flight support solutions provider. The agreement was completed ahead of the MEBAA Show 2016 in Dubai earlier this month by the previous UAS shareholders and Deer Jet’s chairman and president, Zhang Peng.
The company’s executive management will remain, as will the co-owners/founders of UAS, which include executive president Mohammed Husary and CEO Omar Hosari. It is hoped that the agreement will benefit both companies. UAS has already been appointed the flight support partner of the 90 aircraft that Deer Jet operates and manages.
Mohammed Husary, executive president, UAS, said, “We’re delighted that this partnership is now ratified, and we are also extremely pleased to have such a pioneering and successful partner as Deer Jet. Our two companies’ reach and expertise will have a massive impact on the solutions we can both offer.”
Omar Hosari, CEO, UAS, added, “This partnership was designed to facilitate both UAS and Deer Jet’s ambitions to increase our influence in the international aviation industry. We are currently finalizing our mid to long-term business plan.”
Zhang Peng, chairman and president, Deer Jet, said, “After founding Hong Kong Jet, and acquiring shares of Asia Jet, Hawker Pacific and UAS, Deer Jet will continue to expand its global range through strategic partnerships with the best companies in the world of business aviation. We are delighted to conclude the share acquisition of UAS and very excited to see the valuable synergies of our companies.”