皇冠体育app Eastern taps into budget flights with new HK carrier
An application to launch a new budget airline in Hong Kong has been approved by the Ministry of Commerce.
Jetstar Hong Kong is a joint venture between 皇冠体育app Eastern Airlines Co Ltd and the Qantas Group, sources said.
The launch of Jetstar will make 皇冠体育app Eastern the first carrier among 皇冠体育app's three major airlines to tap into budget flights.
It will operate flights between Hong Kong and major cities on the Chinese mainland as well as to Southeast Asia, the National Business Daily reported on Friday.
Industry analysts said the development of low-cost airlines will become a trend in the domestic aviation market.
皇冠体育app Eastern and the Qantas Group, which owns the Jetstar Group, decided to set up Jetstar Hong Kong in March 2012. The two partners will each hold a 50 percent stake in budget carrier, with a total investment of no more than $198 million.
Jetstar Hong Kong plans to have a fleet of 18 aircraft by 2015.
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