China Eastern Airlines chief economist Shan Chuanbo, speaking on the sidelines at the IATA annual general meeting in Cape Town, stated a Hong Kong investor, holding a one third stake, has been introduced to its Jetstar Hong Kong JV with Qantas and it is confident the start up carrier will be operational at the end of this year (Hong Kong Economic Journal, 04-Jun-2013). Mr Shan said the unnamed investor is unknown to the aviation industry but has an interest in aviation. Cathay Pacific is reportedly opposing the issuing of operating licence to Jetstar Hong Kong citing basic law 134, which states airlines seeking an operating licence in Hong Kong must “have their principal place of business in Hong Kong.” China Eastern has reportedly met with Hong Kong SAR Chief Executive CY Leung, who has expressed his support for the start-up carrier.
China Eastern Airlines confirms local investor in Jetstar Hong Kong, confident year-end operations
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The shift that Air NZ envisages is being sought now – and not five or even 10 years earlier – largely because of external factors and competition. Air NZ's marketing may suggest an opportunistic push, but the reality is Air NZ is on the defensive. In the Australia-Americas market competitors have lowered their costs, adding city pairs, product improvements and significant capacity growth. 2017 and 2018 are expected to mean even more growth as a resurgent Qantas adds 787-9 services between Australia and the US, and in particular – to Dallas.
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The Indonesia-Australia market is a logical market for SIA as it seeks to diversify its business. Indonesia and Australia are already SIA’s two largest international markets and Garuda and Qantas are already among its biggest competitors.
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