The next move for JetStar Hong Kong; plus US and Russian figures

Hong Kong authorities late yesterday rejected Jetstar Hong Kong’s application for an AOC, sighting that the airline’s primary place of business and decision making was not in Hong Kong, stating: “Jetstar Hong Kong cannot make its decisions independently from that of the two foreign shareholders”. This is a blow to the brilliant JetStar model, but it should not be the end of trying to set something up in Hong Kong. So what now for what was a promising joint venture between Qantas, China Eastern Airlines and Shun Tak Holdings? The latter, Shun Tak Holdings, should have helped secure an AOC