Jetstar Hong Kong

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Jetstar Hong Kong
Jetstar logo.svg
IATA
JM
ICAO
JKT
Callsign
KAITAK
Founded 2012
Commenced operations 2014 (planned)
Hubs Hong Kong International Airport
Fleet size 18 (planned)
Parent company Shun Tak Holdings 51%
China Eastern Airlines 24.5%
Qantas 24.5%
Key people

Edward Lau (CEO) Pansy Ho (Chairman)

Website www.jetstar.com

Jetstar Hong Kong is a proposed low fare airline, based at Hong Kong International Airport. As at mid-2014 it was seeking regulatory approval from the Government of Hong Kong.

It was formed in 2012 as a venture between China Eastern Airlines and Qantas.[1][2]

On 6 June 2013, Shun Tak Holdings, a conglomerate in Hong Kong and Macau managed by Pansy Ho invested $66 million for a 33.3% stake with China Eastern Airlines and Qantas.[3]

History[edit]

Airbus A320 in store at Toulouse Blagnac Airport in July 2014

The airline venture originally planned to commence its services in late-2012, but it has been awaiting the receipt of approval from the Hong Kong government. Under the Basic Law of Hong Kong, the government has the authority to issue airline licences to companies incorporated in Hong Kong and having principal place of business in the territory.

On 6 June 2013, it was announced that Shun Tak Holdings had acquired a 33.3% stake of Jetstar Hong Kong. Each investor now held an equal stake in the budget airline.[4][5] Since welcoming Shun Tak Holdings aboard as a third investor, Jetstar Hong Kong has the highest level of local shareholding of any Hong Kong based carrier. Jetstar Hong Kong has a local CEO, Chairman and Hong Kong Permanent Resident majority Board.

Currently Jetstar Hong Kong is continuing to progress through the regulatory approval process. The Air Transport Licence application faced objections from Cathay Pacific and Hong Kong Airlines.

In June 2014, the Transport and Housing Bureau said the government the regime for designation of local carriers is being reviewed and it will not process any application from new airlines before the completion of the review. [6] In April 2014, the Transport and Housing Bureau said that the Hong Kong government's review on the framework for designation of Hong Kong airlines has been completed.[7]

In August 2014, it was announced that a restructuring of the airline's share capital had resulted in Shun Tak Holdings owning 51% with China Eastern Airlines and Qantas 24.5% each.[8]

Destinations[edit]

Jetstar Hong Kong will initially serve short-haul routes to cities in China, Japan, South Korea and South East Asia.[9]

Jetstar Hong Kong has submitted application to operate scheduled air service for up to 129 routes out of Hong Kong, according to document published by the Licensing Authority of Hong Kong. Below is the list of routes Jetstar has applied for:

  • Cambodia (2 Destinations): Phnom Penh, Siem Reap
  • China (48 Destinations / 49 Airports): Harbin, Changchun, Shenyang, Dalian, Tianjin, Beijing, Hohhot, Baotou, Yinchuan, Taiyuan, Xi’An, Lanzhou, Xining, Ürümqi, Shijiazhuang, Jinan, Qingdao, Yantai, Zhengzhou, Luoyang, Xuzhou, Yancheng, Nanjing, Wuxi, Shanghai Hongqiao, Shanghai Pu Dong, Hangzhou, Ningbo, Wenzhou, Hefei, Tunxi, Wuhan, Changsha, Chongqing, Chengdu, Kunming, Dayong, Nanchang, Guiyang, Lijiang, Fuzhou, Jinjiang, Xiamen, Guilin, Nanning, Shantou, Zhanjiang, Haikou, Sanya
  • Indonesia (8 Destinations): Medan, Bandung, Jakarta, Semarang, Yogyakarta, Surabaya, Denpasar, Lombok
  • Japan (26 Destinations / 27 Airports): Asahikawa, Kushiro, Tokachi-Obihiro, Sapporo, Hakodate, Akita, Sendai, Niigata, Tokyo-Narita, Tokyo-Haneda, Nagoya, Toyama, Komatsu, Osaka-Kansai, Okayama, Hiroshima, Takamatsu, Matsuyama, Kitakyushu, Fukuoka, Oita, Nagasaki, Kumamoto, Miyazaki, Kagoshima, Okinawa, Ishigaki
  • Korea (6 Destinations / 7 Airports): Seoul Incheon, Seoul Gimpo, Cheongju, Daegu, Busan, Muan, Jeju
  • Laos (2 Destinations): Vientiane, Luang Prabang
  • Malaysia (5 Destinations): Kota Kinabalu, Kuching, Langkawi, Penang, Kuala Lumpur
  • Myanmar (2 Destinations): Yangon, Mandalay
  • Philippines (9 Destinations): Laoag, Clark, Manila, Kalibo, Iloilo, Cebu, Puerto Princesa, Davao, Cagayan De Oro
  • Singapore (1 Destination): Singapore
  • Taiwan (3 Destinations): Taipei-Taoyuan, Taichung, Kaohsiung
  • Thailand (7 Destinations): Chiang Rai, Chiang Mai, Bangkok, Koh Samui, Krabi, Phuket, Hat Yai
  • Vietnam (5 Destinations): Hanoi, Da Nang, Hue, Nha Trang, Ho Chi Minh City
  • Others (3 Destinations): Guam, Saipan, Koror[10]

Fleet[edit]

Jetstar Hong Kong have committed to leasing 18 Airbus A320 aircraft by 2015.[11][12] As at January 2014, Jetstar Hong Kong had seven Airbus aircraft laid up at Toulouse Blagnac Airport waiting delivery, incurring monthly leasing costs of $400,000 per plane.[13]

In August 2014, Jetstar Hong Kong confirmed the sale of three Airbus 320s, having sold another three in April 2014.[14]

See also[edit]

References[edit]

  1. ^ "China Eastern Airlines and Qantas". Jetstar Airways. 26 March 2012. Retrieved 26 March 2012. 
  2. ^ "Qantas, China Eastern Plan Cheap Flights for Asia Middle". 26 March 2012. 
  3. ^ "Asia's Budget Airline Invasion". Bloomberg Businessweek. 13 February 2014. Retrieved 13 February 2014. 
  4. ^ "Stanley Ho’s Shun Tak buys into Qantas’ Jetstar Hong Kong joint venture". June 6, 2013. 
  5. ^ Qantas Welcomes New Investor to Jetstar Hong Kong Qantas 6 June 2013
  6. ^ "Transport and Housing Bureau's response to media report". Hong Kong Information Services Department. June 4, 2013. 
  7. ^ "Speech by STH on transport at LegCo Finance Committee special meeting". Hong Kong Information Services Department. 3 April 2014. Retrieved 3 April 2014. 
  8. ^ Qantas moves closer to Hong Kong Jetstar remedy Sydney Morning Herald 31 August 2014
  9. ^ Steve Creedy (26 March 2012). "Qantas to set up Jetstar Hong Kong, first HK low-cost carrier". The Australian. Retrieved 26 March 2012. 
  10. ^ Jetstar Hong Kong Routes Application as of August 2013 http://airlineroute.net/2013/09/03/jm-aug13/
  11. ^ Neil Wilson (26 March 2012). "Jetstar Hong Kong ready for take off into booming Chinese market". Herald Sun. Retrieved 26 March 2012. 
  12. ^ IATA conference Beijing Sydney Morning Herald 11 June 2012
  13. ^ Jetstar Hong Kong grounds 7 new Airbus planes as licence approval delayed South China Morning Post 10 January 2014
  14. ^ "Jetstar Hong Kong sells three aircraft as it awaits approval". The Standard. 22 August 2014.