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 ...


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