Deer Jet subsidiary Hong Kong Airlines Corporate Jet Limited (Hong Kong Jet) completed its acquisition of Asia Jet Partners. The two companies announced during ABACE 2016 that they had signed a letter of intent for Hong Kong Jet to purchase Asia Jet and its subsidiary Asia Jet Partners (Shanghai), as well as its joint venture Asia Jet Partners (Malaysia).

Bringing Asia Jet into the Hong Kong Jet portfolio will enable both companies to enhance their service offerings to their respective clients, Hong Kong Jet said. The company added that the acquisition will bolster its business aircraft management and maintenance capabilities, as well as its charter footprint in Hong Kong.

Founded in 2008, Hong Kong-based Asia Jet has expanded its fleet to nearly a dozen aircraft and has obtained Argus Platinum, Wyvern Wingman and IS-BAO III recognitions. A year younger, Hong Kong Jet manages 25 aircraft and employs 150. The acquisition follows a year when Hong Kong Jet’s managed fleet grew by more than 80 percent and maintenance hours jumped by 110 percent.