The airline stated earlier this year that is in talks with
various manufacturers about purchasing another 100 aircraft and is understood to
be in negotiations with Boeing, as well as Airbus, concerning its next batch of
orders.
The Board of China Eastern revealed last week that its Hong Kong subsidiary Eastern Air has entered into “a shareholders agreement” with Qantas subsidiary Jetstar International to formally establish Jetstar Hong Kong.
The Board of China Eastern revealed last week that its Hong Kong subsidiary Eastern Air has entered into “a shareholders agreement” with Qantas subsidiary Jetstar International to formally establish Jetstar Hong Kong.
Eastern and Jetstar International will hold an equal
shareholding in the budget carrier. For fleet requirements, 18 A320s will be
acquired over the first three years of operation.
In its announcement China Eastern said that the “low-cost
airline market in Hong Kong has significant existing potential and room for
growth, which provides the Company with opportunities for establishing a
locally-based low-cost airline and developing the businesses in low-cost
airline. The establishment and operation of Jetstar Hong Kong will take
advantage of the Jetstar group’s rich experience in low-cost airline operations
and industry expertise of both the Company and Qantas. It will lay a foundation
for establishing a more comprehensive and broader cooperation for both the
Company and Qantas in the future”.
An Air Operators Certificate for Jetstar Hong Kong has already
been was applied for.
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