Arab Today, arab today qantas reviews jetstar hong kong
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

After licence rejection

Qantas reviews Jetstar Hong Kong

Arab Today, arab today

Arab Today, arab today Qantas reviews Jetstar Hong Kong

Australian carrier Qantas
Sydney - Arab Today

Australian carrier Qantas said Friday it would review its Jetstar Hong Kong business after the budget carrier's bid to operate out of the southern Chinese city was rejected.

With the Asian aviation market seen as the fastest growing in the world, Qantas has been keen to build the Jetstar low-cost brand in the region, venturing into Japan, Singapore and Vietnam.

But plans for a Jetstar Hong Kong were rejected on Thursday by authorities who, after considering the bid for two years, found the airline's primary place of business was not in the southern Chinese city.

"The Qantas Group will work with its fellow shareholders in Jetstar Hong Kong to review the enterprise, following the Air Transport Licensing Authority's decision to reject the local carrier's application to establish an operation in Hong Kong," Qantas said in a statement.

Jetstar Hong Kong is a three-way joint venture between Qantas, China Eastern Airlines and Macau casino tycoon Stanley Ho's Hong Kong-based conglomerate Shun Tak Holdings.

Jetstar Hong Kong had planned to fly to cities in China, Japan, South Korea and Southeast Asia, but the bid was opposed by the city's flag carrier Cathay Pacific, which argued the airline was not based in Hong Kong.

Under Hong Kong law, an airline will only be given an operating licence if its principal place of business and centre of decision-making is in the city.

Qantas Group chief executive Alan Joyce said the decision was disappointing.

"The message from this decision is that Hong Kong appears closed to fresh aviation investment even when it is majority locally owned and controlled," he said.

"At a time when aviation markets across Asia are opening up, Hong Kong is going in the opposite direction.

"Given the importance of aviation to global commerce, shutting the door to new competition can only serve the vested interests already installed in that market."

Qantas Group's investment in Jetstar Hong Kong, as at December 31, was held at Aus$10 million (US$7.7 million), the airline said.

Qantas, Shun Tak and China Eastern each hold a one-third economic share in Jetstar Hong Kong but Shun Tak has ultimate control with 51 percent of voting rights.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qantas reviews jetstar hong kong Arab Today, arab today qantas reviews jetstar hong kong

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qantas reviews jetstar hong kong Arab Today, arab today qantas reviews jetstar hong kong

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday