Jetstar to launch Hong Kong based carrier
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Jetstar to launch Hong Kong based carrier
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for the record:
original:Australia's Jetstar plans Hong Kong-based carrier - MarketWatch
Aug. 3, 2011, 9:52 p.m. EDT
Australia's Jetstar plans Hong Kong-based carrier
HONG KONG (MarketWatch) -- Australia's Jetstar Group plans to launch a Hong Kong-based budget airline focused on mainland China routes and has started discussions with the city's government to apply for an air operator's certificate, the Apple Daily reported Thursday, citing unnamed sources.
The report said Jetstar, a unit of Qantas Airways Ltd. (QAN.AU), is seeking Hong Kong permanent residents as potential majority shareholders of the proposed airline, to conform with Hong Kong laws regulating ownership of airlines registered locally.
Jetstar already operates flights within Asia through its Singapore-based unit, Jetstar Asia Airways Pte. Ltd.
Australia's Jetstar plans Hong Kong-based carrier
HONG KONG (MarketWatch) -- Australia's Jetstar Group plans to launch a Hong Kong-based budget airline focused on mainland China routes and has started discussions with the city's government to apply for an air operator's certificate, the Apple Daily reported Thursday, citing unnamed sources.
The report said Jetstar, a unit of Qantas Airways Ltd. (QAN.AU), is seeking Hong Kong permanent residents as potential majority shareholders of the proposed airline, to conform with Hong Kong laws regulating ownership of airlines registered locally.
Jetstar already operates flights within Asia through its Singapore-based unit, Jetstar Asia Airways Pte. Ltd.
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More capital being syphoned off from the group for easy pickings by locals. Thank goodness for the profitable QF DOM.
This is going to end up like a house of cards waiting for a strong wind.
Smartest guys in the room for sure.
This is going to end up like a house of cards waiting for a strong wind.
Smartest guys in the room for sure.
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So qantas as an Aus based premium carrier paying normal award salaries, thus being downsized by management and j* and are struggling to survive in todays market, taking on low time pilots willing to PAY HUGE money to fly for them, then work for lower pay and conditions for the remainder of their careers, while having to be based OUTSIDE AUSTRALIA, BECAUSE AUSTRALIA is too expensive to base pilots , yet they can open a base in one of the most expensive cities in the world.
Oh, yes, I forgot, the pilots will have to pay for their own accommodation, medical, school fees, etc just like the suckers in j* Sin do.
Strange how Cathay can pay their salaries AND accomodation allowance etc, yet still be one of the most profitable airlines around.
More BS from untrustworthy ceos and management. How many million will that net these B$tards in bonuses.
Oh, yes, I forgot, the pilots will have to pay for their own accommodation, medical, school fees, etc just like the suckers in j* Sin do.
Strange how Cathay can pay their salaries AND accomodation allowance etc, yet still be one of the most profitable airlines around.
More BS from untrustworthy ceos and management. How many million will that net these B$tards in bonuses.
Last edited by Clb Crz Alt; 4th Aug 2011 at 08:24.
And I'm sure the former KA managers now in Jq management will be more than willing to help with the setup. Perhaps their mates in HK will finally realise how far their former peers have fallen.
Anyone remember Oasis?
Anyone remember Oasis?
Joyce and Clifford are not just incompetent they are also delusional.
First they try their very best to destroy the QF brand (with remarkable success) and then think they can use the QF balance sheet and any residual reputational leverage to punt J*.
Clifford won't front the media but Joyce and Buchanan have both proved they can stutter with the best of them when the truth is not quite the way they have presented the facts.
A low cost carrier focussing on China...based in HKG...mind numbingly ignorant at best .... more likely dumb as a box of hammers.
First they try their very best to destroy the QF brand (with remarkable success) and then think they can use the QF balance sheet and any residual reputational leverage to punt J*.
Clifford won't front the media but Joyce and Buchanan have both proved they can stutter with the best of them when the truth is not quite the way they have presented the facts.
A low cost carrier focussing on China...based in HKG...mind numbingly ignorant at best .... more likely dumb as a box of hammers.
Don't worry, like Jetstars international arm it will be a sound business and highly lucrative from day one.
Qantas mainline will lose 400 million next financial, and require further restructuring
Qantas mainline will lose 400 million next financial, and require further restructuring
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This is possibly the funniest and stupidest thing I have ever heard, my first reaction was to check it wasn't April 1st 
Forget about the small players, CX and KA, I'd be a little more worried about Air China, China Southern, China Eastern, and the other 100 carriers in China.
Oh yeh, and the 100s of slots available in HK and China.
Then I guess it will be a case of attracting people to poison themselves and their families In pollution central for what ? I'm guessing 100k HKD a month for a captain and 65 for an effo ? A nice flat in HK will cost around 30-40k and then there's the cheap cost of living.....bring it on
Forget about the small players, CX and KA, I'd be a little more worried about Air China, China Southern, China Eastern, and the other 100 carriers in China.
Oh yeh, and the 100s of slots available in HK and China.
Then I guess it will be a case of attracting people to poison themselves and their families In pollution central for what ? I'm guessing 100k HKD a month for a captain and 65 for an effo ? A nice flat in HK will cost around 30-40k and then there's the cheap cost of living.....bring it on
AJ kept mentioning China and I doubt they would be allowed to set up a hub inside China. So everything hubs from HKG - All parts of Asia and Europe.
Very dangerous territory if you ask me.
How about Qantas sells off Jetstar to some wise investors and floats it on the stock market. Could probably raise a few billion as it is such a brilliant concept. Then Qanats can get back to being what it is supposed to be doing and RUNNING QANTAS!
Very dangerous territory if you ask me.
How about Qantas sells off Jetstar to some wise investors and floats it on the stock market. Could probably raise a few billion as it is such a brilliant concept. Then Qanats can get back to being what it is supposed to be doing and RUNNING QANTAS!
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hmmmmm
Pretty arrogant to think they can just waltz on in there and set up shop in my opinion.
They really are trying to muscle in on the big boys and pee in their backyards at whatever cost.
Maybe they should double check the share price of QAN !!!
Its looking really sick
They really are trying to muscle in on the big boys and pee in their backyards at whatever cost.
Maybe they should double check the share price of QAN !!!
Its looking really sick
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The only problem with selling it is they have to find investors who are terminally stupid. Anyone with any brains will want to do due diligence. If they do that, they would be terminally stupid to buy it, given by their own admission they only make money on coffee and muffins!
Mind you, there are some terminally stupid people out there.....
Mind you, there are some terminally stupid people out there.....
Interesting to see that jetstareurope.com has been registered.
Guess where the 787's are headed boys!
I reckon I can count on no hands how many 787's Qantas will be getting.
767's til 2020 my prediction.
Guess where the 787's are headed boys!
I reckon I can count on no hands how many 787's Qantas will be getting.
767's til 2020 my prediction.
Jetstar locks onto Europe, and the offshoring of Qantas jobs, with ‘early’ 787s | Plane Talking
Jetstar locks onto Europe, and the offshoring of Qantas jobs, with ‘early’ 787s
July 14, 2010
All fits together
Jetstar locks onto Europe, and the offshoring of Qantas jobs, with ‘early’ 787s
July 14, 2010
All fits together