For starters, I'm no fan of Jetstar I'll just put that out there.
Just because there are four local carriers doesn’t mean there isn’t very stiff competition here. I can tell you there is more competition here than there is in Australia.
I didn't suggest there wasn't competition in HKG. But isn't this a 'free' market all the airlines operate in ? Strongest survive, the weakest fade away ? Why would they be so scared of a minnow turning up with a 'capital light' investment.
As for your threat that Australia should block any further expansion of CX into Australia ........ especially when Hong Kong’s big brother next door gets involved, and believe me, they will.
Let us in or else ? Don't protect your local market or else ? Shoe, other foot, etc.
"At the end of the day the governments should look after the public interest, and expansion will provide more public interest. If there is more capacity, we will take advantage of that."
-Ivan Chu