Chinese charter firm expands fleet

 - March 28, 2007, 6:18 AM

DeerJet, one of China’s leading executive charter firms, has leased a Gulfstream IV through U.S. investment firm Bravia Capital Partners. The aircraft, which will be operated under a five-year lease, joins another GIV in the operator’s fleet, along with a Raytheon Hawker 800XP and Premier I.

New York-based Bravia has previously leased more than 10 jetliners to DeerJet’s parent company, Hainan Airlines. According to DeerJet president Liu Zhiqiang, the company needs the GIV to meet increasing demand for long-haul flights.
Liu has predicted a boom in executive charter demand in China over the next four years. He said that DeerJet is well placed to tap this demand because–through Hainan Airlines–it enjoys good working relationships with Chinese authorities, including the military, which still controls all airspace access.

DeerJet was established in 1995 and became the first company from mainland China to join NBAA. All its air and ground crew are trained by FlightSafety International in the U.S.

The Beijing-based operator’s corporate clients include Motorola, Samsung and Airbus. It has also flown numerous foreign politicians and celebrities. The company has an office in Hong Kong.