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Jetstar eyes Hong Kong as base for China

5-Aug-2011 10:37 AM

Jetstar is reportedly considering launching an LCC subsidiary in Hong Kong as it increases its focus on the Chinese market (The Australian, 05-Aug-2011). The LCC is reportedly in talks with Hong Kong residents for them to acquire a majority stake in the venture, which is required for airlines to be granted an air operators certificate. "We're looking a range of options across the region and there is much speculation about it," a Jetstar spokesman said. Group CEO Bruce Buchanan has stated that while many LCCs were focussing on Southeast Asia and India, Jetstar saw its opportunities in China and North Asia where the penetration of low-cost carriers remains lower.