page contents

Deer Jet and UAS conclude Share Acquisition Agreement

Deer Jet and UAS conclude Share Acquisition Agreement

Global l business aviation company Deer Jet has concluded the acquisition of major shares of UAS International Trip Support (UAS). Deer Jet has become the major shareholder of the global flight support solutions provider.

The agreement was completed ahead of MEBAA Show 2016 on Monday, December 5 by UAS’ existing shareholders and Deer Jet Chairman and President Zhang Peng. UAS Group executive management continues under the leadership of both Co-Owners/Founders Mr. Mohammed Husary as Executive President alongside Mr. Omar Hosari as Chief Executive Officer.

First announced at NBAA-BACE 2016 in October with a view to finalizing by the end of 2016, the strategic alliance is set to massively benefit the two industry heavy-weights and their clients by significantly improving their capabilities and accelerating strategic goals to enhance international business aviation flights and user experience.

UAS is now the flight support partner for the impressive fleet of 90 aircraft that Deer Jet operates and manages. The fleet includes the world’s only BBJ 787 in VVIP configuration – “the Dream Jet.”  Deer Jet operates as a wholly owned subsidiary of HNA Group, a Fortune 500 company, and by joining the Deer Jet family, UAS will have more opportunities to serve the group’s airlines. 

 Mr. Mohammed Husary, UAS Co-Owner/Founder and Executive President, said: “We’re delighted that this partnership is now ratified, it is the result of a long period of discussion and negotiation between our two companies. We are also extremely pleased to have such a pioneering and successful partner as Deer Jet is a major boon for UAS’ global strategic objectives. Our two companies reach and expertise will have a massive impact on the solutions we can both offer,” he added.   

Mr. Omar Hosari, UAS Co-Owner/Founder and Chief Executive Officer, said: “This partnership was designed to facilitate both UAS and Deer Jet’s ambitions to increase our influence in the international aviation industry. From an operational viewpoint, we’ve ironed out the finer points and are currently finalizing our mid to long-term business plan. Our clients can now expect a broadened range of services delivered to the same levels of efficiency, quality, and operational excellence they have come to expect from us.”

Tagged with
%d bloggers like this: