It all sounded so positive back March 2012, just taking a bit longer than first thought, going by this rather optimistic press release. Hindsight is a wonderful thing...
Jetstar Hong Kong will combine the partners’ local
knowledge, networks and successful low
cost carrier model to service short haul routes in
Asia, including Greater China, Japan, South
Korea and South East Asia. It will be the first low
fares airline based in Hong Kong.
Subject to regulatory approval Jetstar Hong Kong
services will start in 2013 with a fleet of
three Airbus A320s, growing to 18 A320s by 2015.
Jetstar Hong Kong is underpinned by a total maximum
capitalisation of up to US$198 million.
The shareholding percentage in Jetstar Hong Kong
will be equally held by China Eastern
Airlines and Qantas Group, which will be equal part
ners in the Joint Venture. The maximum
exposure for each partner is US$99 million over a
three year period.
http://www.asx.com.au/asxpdf/2012032...gblzv2ryz8.pdf