Shun Tak Holdings to buy stake in new Jetstar Hong King airline

Victoria
By Victoria June 7, 2013 10:56

Shun Tak Holdings to buy stake in new Jetstar Hong King airline

Shun Tak Holdings, run by the Asian casino tycoon Stanley Ho, has expressed an interest in buying a stake in the new Jetstar budget airline venture in Hong Kong being set up by Qantas and China Eastern Airlines. The transport company will pay $66 million for one third of the new Jetstar venture.
A local partner may help the airline achieve the necessary regulatory approvals to launch the airline by mid-2013. Hong Kong regulators have declared that new airlines have to be incorporated in and having their main place of business in Hong Kong to be approved.

Victoria
By Victoria June 7, 2013 10:56
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Ffinance%2Fshun-tak-holdings-to-buy-stake-in-new-jetstar-hong-king-airline%2F"> registered </a> users can comment.