Jetstar Hong Kong

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Jetstar Hong Kong
Jetstar logo.svg
IATA
JM
ICAO
JKT
Callsign
KAITAK
Founded 2012
Commenced operations subject to regulatory approval
Hubs Hong Kong International Airport
Fleet size 18 (planned)
Parent company Shun Tak Holdings 33.3%
China Eastern Airlines 33.3%
Qantas 33.3%
Key people

Edward Lau (CEO) Pansy Ho (Chairman)

Website www.jetstarhongkong.com

Jetstar Hong Kong is a proposed low fare airline, based at Hong Kong International Airport. As of December 2014 it was seeking regulatory approval from the Government of Hong Kong.[1]

It was formed in 2012 as a venture between China Eastern Airlines and Qantas.[2][3]

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.[4] Jetstar Hong Kong is a subsidiary of Shun Tak Holdings under the Listing Rules. [5]


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.[6][7] Jetstar Hong Kong has a local CEO, Chairman and Hong Kong Permanent Resident majority Board.

In June 2013, 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. [8] The Transport and Housing Bureau later said in April 2014 that the Hong Kong government's review on the framework for designation of Hong Kong airlines has been completed.[9]

In February 2014, its the Company Registry was updated to reflect the changes made to the shareholders voting structure and the appointment of two new board members from local investor Shun Tak Holdings. Its shareholding structure was changed to give local investor Shun Tak Holdings 51% shareholding voting rights with China Eastern Airlines and Qantas each retaining 24.5%.[10]

Currently Jetstar Hong Kong is continuing to progress through the regulatory approval process. One of the next steps involve a public inquiry for Jetstar Hong Kong's application for Air Transport Licence is scheduled for early 2015. [11] The Air Transport Licence application was gazetted in August 2013 [12] but faced objections from Cathay Pacific, Dragonair, Hong Kong Airlines and Hong Kong Express. Its Air Operators Certificate was lodged in August 2012. [13]


Destinations[edit]

Jetstar Hong Kong will initially serve short-haul routes to cities in China, Japan, South Korea and South East Asia.[14]

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[15]

Fleet[edit]

Jetstar Hong Kong fleet plan will grow to 18 Airbus A320.

In August 2014, Jetstar Hong Kong confirmed the sale of three Airbus 320s, having sold another three in April 2014.[1]

See also[edit]

References[edit]

  1. ^ a b "Jetstar Hong Kong sells three aircraft as it awaits approval". The Standard. 22 August 2014. 
  2. ^ "China Eastern Airlines and Qantas". Jetstar Airways. 26 March 2012. Retrieved 26 March 2012. 
  3. ^ "Qantas, China Eastern Plan Cheap Flights for Asia Middle". 26 March 2012. 
  4. ^ "Asia's Budget Airline Invasion". Bloomberg Businessweek. 13 February 2014. Retrieved 13 February 2014. 
  5. ^ "Shun Tak Holdings Discloesable Transactions". Hong Kong Stock Exchange. 26 September 2013. Retrieved 26 September 2013. 
  6. ^ "Stanley Ho’s Shun Tak buys into Qantas’ Jetstar Hong Kong joint venture". June 6, 2013. 
  7. ^ Qantas Welcomes New Investor to Jetstar Hong Kong Qantas 6 June 2013
  8. ^ "Transport and Housing Bureau's response to media report". Hong Kong Information Services Department. June 4, 2013. 
  9. ^ "Speech by STH on transport at LegCo Finance Committee special meeting". Hong Kong Information Services Department. 3 April 2014. Retrieved 3 April 2014. 
  10. ^ Shun Tak ups voting rights in budget airline gambit The Standard 03 September 2014
  11. ^ [http://programme.tvb.com/news/moneymagazine/episode/20141214/ |title=Cheap Airlines |TVB Pearl Money Magazine 14 December 2014
  12. ^ Jetstar Hong Kong takes next step towards take-off with ATLA application gazattal 23 August 2013
  13. ^ Jetstar Hong Kong moves closer to 2013 launch with AOC lodgement 19 July 2012
  14. ^ Steve Creedy (26 March 2012). "Qantas to set up Jetstar Hong Kong, first HK low-cost carrier". The Australian. Retrieved 26 March 2012. 
  15. ^ Jetstar Hong Kong Routes Application as of August 2013 http://airlineroute.net/2013/09/03/jm-aug13/