Yet another own goal by JQ with regard to Jet Star HK - report in todays media:
Quote: 'The secretary of the Australian Department of Infrastructure and Regional Development, last week said the government did not want to give Cathay Pacific and other Hong Kong carriers increased traffic rights into Australia unless Australian carriers were able to use Hong Kong as a hub and Jetstar Hong Kong was approved.
“The very fact that Jetstar Hong Kong and Jetstar Australia have linked their two businesses by leveraging the setting up of Jetstar Hong Kong with traffic rights in Australia seems to make it pretty clear that Jetstar’s principal place of business is not Hong Kong, but Australia,” Mr Slosar (Cathay Chairman) told analysts on Wednesday.
“By default I think they have made the case that we would make that it doesn’t comply with the Basic Law.”
and today Cathay report massive increase 1H profit.