On edit: yes, QF apparently retain 30% of the shares of JPA. I just read the wiki article on Jetstar Pacific, which has good links to the many articles published in the relevant period. Including the various denials later proven true. Just glancing through the article makes me think $100 million plus has gone down that rabbit hole. So far.
I wonder exactly how the non-transparent structure of Jetstar HK works? Did Qantas gift non-recourse loans to the other partners? I can't imagine Stanley Ho investing $60 million without a $70 million gift first.
I am happy that QF has found a worthy fleet to invest in-one sure to return the cost of capital.
