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Jetstar Hong Kong

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Title: Jetstar Hong Kong  
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Jetstar Hong Kong

Jetstar Hong Kong
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.hk

Jetstar Hong Kong is a proposed low fare airline, based at Hong Kong International Airport. As of October 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]

Contents

  • History 1
  • Destinations 2
  • Fleet 3
  • See also 4
  • References 5

History

Airbus A320 at Toulouse Blagnac Airport in September 2013
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.[5][6] 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. [7] 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.[8]

In August 2014, its the Company Registry was updated in February 2014 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%.[9]

Destinations

Jetstar Hong Kong will initially serve short-haul routes to cities in China, Japan, South Korea and South East Asia.[10]

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[11]

Fleet

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

References

  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. ^ "Stanley Ho’s Shun Tak buys into Qantas’ Jetstar Hong Kong joint venture". June 6, 2013. 
  6. ^ Qantas Welcomes New Investor to Jetstar Hong Kong Qantas 6 June 2013
  7. ^ "Transport and Housing Bureau's response to media report". Hong Kong Information Services Department. June 4, 2013. 
  8. ^ "Speech by STH on transport at LegCo Finance Committee special meeting". Hong Kong Information Services Department. 3 April 2014. Retrieved 3 April 2014. 
  9. ^ Shun Tak ups voting rights in budget airline gambit The Standard 03 September 2014
  10. ^ Steve Creedy (26 March 2012). "Qantas to set up Jetstar Hong Kong, first HK low-cost carrier". The Australian. Retrieved 26 March 2012. 
  11. ^ Jetstar Hong Kong Routes Application as of August 2013 http://airlineroute.net/2013/09/03/jm-aug13/
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