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.

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