Jetstar Hong Kong receives new investor

 Jetstar Hong Kong has received third party interest, with Hong Kong based tourism, hospitality and property group, Shun Tak, signing on as a new investor in the low-cost carrier.

Announced this week, Shun Tak joins the Qantas Group and China Eastern Airlines with a 33.3 percent share in the company.

Qantas Group chief executive Alan Joyce said Shun Tak has a range of interests in the tourism and travel market that align well with Jetstar Hong Kong.

Plans to launch the Hong Kong based low-cost carrier was unveiled in March last year and has since been awaiting regulatory approval to launch operations.

Despite the lengthy approval process, the airline has already built up a local management team, started pilot and crew recruitment as well as applied for its Air Operators Certificate.

Sourced: etravelblackboardasia