Pansy gamble engage low cost airlines
WASHINGTON bet after Pansy Ho Shun Tak Holdings held spent over $ 500 million stake in Jetstar Hong Kong, trying to challenge Cathay Pacific Hong Kong dominated, but the master of the aviation industry insider sources, CY Leung oppose licensing that low cost airlines for contribute little to the economy, the future is uncertain Pansy involved in aviation business, this shop always betting on the wrong note.
Reporter: Lu Zhuo Wu Yongqiang were Qantas subsidiary Jetstar cheap Air Group, following in Tokyo, Singapore and Vietnam have established a headquarters last year after July joint venture with China Eastern Airlines HK $ 1.544 billion Hong Kong set up Jetstar, based in Hong Kong to enter the mainland market, but the absence of shareholders in Hong Kong , was questioned non-principal place of business, the Government does not match the licensing requirements, it has been a minor thing. Jetstar Hong Kong, one of the shareholders of China Eastern Airlines, a number of high-level meetings last year, and Leung Chun-ying, was encouraged to invest in Hong Kong.
Spend over $ 500 million stake in Jetstar Hong Kong held a press conference yesterday to announce Shun Tak Holdings shares for $ 66 million (approximately HK $ 515 million), with each one-third of existing shareholders equity. Pansy Ho, Managing Director of Shun Tak said, investing mainly optimistic about its prospects of low cost airlines, low cost airlines refers to the global aviation industry trends, but also for the public to provide more travel choices and bring economic benefits.
Jetstar Hong Kong has not licensed, the city passed by the holders of Cathay Pacific obstruction Pansy yesterday stressed the intention to challenge Cathay Pacific, "Nuisance eligibility challenges, but also she has no need to challenge Drainage (CPA)." But she must've said: "I Do not believe it generous full-Asia's most important airports, Well you can accommodate more than one airline." Ho early in the aerospace industry has invested Air Macau and Hong Kong Express, but the results are not ideal.
Jetstar Hong Kong chief executive, said Edward Lau as eligible before the end of the license, the fastest into service early next year, will cover operational early routes from Hong Kong 5 hours voyage locations such as Southeast Asian countries, Japan, South Korea and mainland China, promised fare "minimum ratio opponents flat five percent. " He said the first phase of a three Airbus A320 flights will later purchase and lease 18 new Airbus A320 aircraft operations, others employ approximately 1,000 employees, has received more than 2,500 pilots and 600 flight attendants applications.
According to the aviation industry estimates, an airline early opening, assuming operating three aircraft, fuel costs, airport charges, staff costs, etc., burn about $ 20 million per month.
Delay unlicensed Jetstar sail is unknown when Hong Kong, Liu said yesterday in accordance with government requirements continue to submit additional information, are confident that the end of the year was a license. He was referring to existing shareholders in Hong Kong Hong Kong Jetstar, seven members of the Board that there were four people of Hong Kong identity management are all Hong Kong people have to meet the "Basic Law" provisions and licensing requirements.
Jetstar plan may come to nothing, however, told us that the aviation industry, Cathay Pacific to pressure the government, non-Jetstar Hong Kong is not a license key factor because the Transport and Housing Bureau preliminary assessment that the new low cost airlines company can stimulate competition and improve the overall services, it will not increase the load of airport facilities, the support licensing.
Chief Executive: little contribution to Hong Kong
But against all the odds, but CY Leung, it is understood within the government meeting he said that freedom rights is an important economic asset, our airport facilities are limited, and the low cost airlines passengers non-high consumer group, contribute little to the economy of Hong Kong, indicating disapproval licensing.
Secretary for Transport and Housing Anthony yesterday unanimously agreed, saying the new government is a comprehensive review policy before the completion of the review, will not deal with the application for the designated airlines of Hong Kong, meaning not bother Jetstar to Hong Kong.
Leung Chun-ying of aviation industry on the licensing of low cost airlines do not feel angry, "Mr Leung in Hong Kong since the system must be reduced competitiveness." According to the information, low cost airlines account for only 5% of the local market share, Chinese University of Aviation Policy and Research Center, deputy director kwok said that the new low cost airlines and passengers benefit to the economy, the introduction of Jetstar Hong Kong shareholders, operational interests of Hong Kong as the first, it would have met " principal place of business in Hong Kong ", should be licensed, or at any time subject to judicial review challenge.
Cathay Pacific said no objection low cost airlines operating in Hong Kong, referring to a number of low cost airlines Cathay Pacific and compete with confidence the Government review the application, will be "Basic" in mind, safeguard interests of Hong Kong. Hong Kong Airlines president Yang Jianhong said: "do yourself, regardless of others."