SHANGHAI – Chinese business aviation operator Deer Jet has stopped buying business jets for the foreseeable future and will instead focus on managing aircraft for other clients. The company, a subsidiary of the HNA Group, is also aiming at developing its business in the U.S., for which it will need a local partner, while expanding its set of fixed bases of operations (FBOs) in China. Chinese costs are too high for the charter business, says Deer Jet CEO Zhang Peng. He does not mention ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Deer Jet Stops Buying Bizjets, Eyes U.S. Market".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.