Beijing Jie Xiang Enterprise has acquired Dinglong Business Aviation with CapaJet acting as partner to extract the synergies arising from the acquisition and grow their market share.
Zhao, Chairman, Beijing Jie Xiang Enterprise Co., said: “The acquisition of Dinglong represents our strategic move to grow our fleet across the next 3 years to serve the increasing demand of our target markets in Asia. This acquisition serves as a catalyst for our business expansion and also further elevated our market presence.”
Frank Li, General Manager, Dinglong Business Aviation, said: “This win-win merger acquisition by Beijing Jie Xiang allows CapaJet and Dinglong to extend the global flight services to more esteemed Chinese and Asian clientele, creates more flight availability and better offerings to the market. We strongly believe our acquisition will put us in a favorable position in capturing a bigger market share not only within China but globally. This merger will also support the group's flight path to becoming one of the market leaders in the region. With Dinglong’s existing team of experienced and highly skilled flight operations and engineers, we will ensure the highest level of service and standards, bringing attention to details to the next level with recognition as a premium customer service provider.”
The decision to acquire Dinglong Business Aviation is a tactical move for Beijing Jie Xiang Enterprise and is a recognition of the growing demand in both the domestic and international markets especially with the Belt and Road Initiative that aims to promote the connectivity of Asian, European, and African continents.
With this deal, Beijing Jie Xing Enterprise hopes to enjoy the boom in the Chinese aviation market.
Dinglong Business Aviation was established in 2019 with its operations in Guangzhou and offers business charter flights with experience in operating Gulfstream G650ER and the Bombardier Challenger 650.