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Old 9th Jan 2014, 17:02
  #1596 (permalink)  
TIMA9X
 
Join Date: Apr 2009
Location: London-Thailand-Australia
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OTHER ADDITIONAL JQ franchises in Asia are being put on hold as they concentrate on JQ Japan & Hong Kong.

I believe this is why so many other A320's are on order. For offer JQ franchises in Asia yet to be announced.

Just like having aircraft ready to go for JQ Hong Kong. They have ordered aircraft for other ventures yet to materialise in Asia.

MC.
Just returned today from HK, noted this story today in the South China Morning Post, I found it also interesting reading the side stories related to Jetstar HK in the link..


Jetstar Hong Kong chief executive Edward Lau and chairman Pansy Ho still await approval of the carrier's application for an operating licence. Photo: Felix Wong



Jetstar Hong Kong has grounded seven brand new Airbus 320 planes owing to the prolonged delay in obtaining an operating licence in Hong Kong, people familiar with the situation said.


The joint venture between Qantas, China Eastern Airlines and Hong Kong-based transportation and property firm Shun Tak had planned to begin operating by the middle of last year, then delayed the start to the end of the year.


It is uncertain how long it will take for its application to be approved, but the low-cost carrier now plans to launch its services some time this year.
Jetstar Hong Kong filed the application to the Air Transport Licensing Authority, (Atla), in August after the Hong Kong government froze all applications by carriers for more than six months for a review of the licensing requirements.


The application triggered objections from Cathay Pacific Airways, Dragonair and two other local carriers, which said Jetstar Hong Kong did not qualify as a Hong Kong carrier under the Basic Law.
Chief Executive Leung Chun-ying is reviewing the application, and either way, the outcome could end up in court.


“As Jetstar Hong Kong is still progressing through the regulatory process, the board is evaluating options to manage their fleet in the short term, with a small number of aircraft currently in Toulouse [a production base for Airbus],” a spokeswoman from Jetstar said, declining to reveal that number.
Sources close to Jetstar Hong Kong said seven aircraft of which it had taken delivery remained parked in Toulouse, and two more would be grounded by June.


“We are now choosing an aircraft leasing company to arrange a sale and lease-back on some parked aircraft in order to mitigate our financial burden,” the sources said.
That means the carrier would sell the aircraft to the leasing company and lease them back for operations.


It costs about US$400,000 per month to lease an A320. The carrier would also have to bear an unspecified one-time cost for not taking the planes on schedule, as well as parking fees in Toulouse.
The registered capital for Jetstar Hong Kong is US$198 million, split evenly among the three shareholders.


The carrier aims to acquire 18 A320 planes in three years for a planned network spanning mainland China and Southeast Asia. It has promised to offer tickets at prices at least 50 per cent lower than those of existing operators.

Meanwhile, Jetstar Hong Kong’s embattled stakeholder Qantas had its credit rating downgraded to junk by Moody’s Investors Service yesterday.


Jetstar Hong Kong grounds 7 new Airbus planes as licence approval delayed | South China Morning Post

There has been more than usual media coverage in Asia on the Qantas/Jetstar saga in all the mainstream English newspapers the past 24 hours, appears to be a lot of interest here... many stories well and truly peculating around HK, SIN etc..
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