CapaJet and Beijing Jie Xiang Enterprise to acquire Dinglong Business Aviation
Beijing Jie Xiang Enterprise Co., Ltd is delighted to announce the acquisition of Dinglong Business Aviation. This acquisition between Beijing Jie Xiang Enterprise Co., Ltd and Dinglong Business Aviation was completed on 3rd February 2023. CapaJet Pte Ltd will partner with Beijing Jie Xiang and Dinglong Business Aviation to extract the synergies arising from the acquisition and grow their market share.
Dinglong Business Aviation with its operations in Guangzhou, was established in 2019, and offers business charter flights. Dinglong Business Aviation has obtained its business licence, operation certificate (CCAR-135) and maintenance licence (CCAR-145) issued by the Civil Aviation Administration. It is also equipped with experience in operating Gulfstream G650ER and the Bombardier Challenger 650.
The decision to acquire Dinglong Business Aviation is a tactical move 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. Entering the China market puts us in a good place to enjoy the boom in the Chinese aviation market. The Civil Aviation Administration of China (CAAC) has cited in a report with Reuters that 2023 to 2025 is a period of rapid growth and that China aims to have over 270 civil airports by 2025 compared with the current 248 civil airports which will further increase demand for point to point travel.
Relaxing of travel regulations has boosted both domestic and international travel and also led to a soaring interest in private jet charters for the more discerning traveller who is looking into a faster and safer mode of air travel. This bodes well for the private aviation industry and the recovery of a sector that was heavily impacted by COVID.
“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,” says Beijing Jie Xiang Enterprise Co., Ltd, Chairman, Mr. Zhao.
“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,” says Dinglong Business Aviation, General Manager, Frank Li.