Hongkong Corporate Jet Management, subsidiary of Beijing-based charter specialist operator Deer Jet, announced at ABACE the signing a letter of intent to purchase Hong Kong-based Asia Jet, along with its subsidiaries Asia Jet Partners (Shanghai) and Asia Jet Partners (Malaysia). It is expected that the deal will be closed by the end of Q2 2016. Hongkong Jet currently has a fleet of 25 aircraft under management and offers two aircraft for charter – a BBJ and Gulfstream G550. Asia Jet currently has a fleet of 11 business jets under direct supervision.