All of the aircraft have been sourced through the Qantas Group’s existing fleet orders, allowing access to early delivery slots.
That is correct too.
Despite both JQ in Japan and Vietnam being listed as associate entities under AASB128, aircraft are sourced from QF group orders, unless those leases are
commercial at market rates, an effective subsidy is paid to the company operating (ie: owned by foreign nationals) made by Qantas shareholders.
JQ HK was also supposed to be the same with Stanley Ho and the JQ HK Board responsible for aircraft, however as the report here
http://www.thb.gov.hk/eng/boards/transport/air/Full%20written%20decision%20(Eng)%2025062015.pdf
stated clearly:
'Summarising the above observations, the Panel is of the view that JHK cannot make its decisions independently from that of the two foreign shareholders.'
JQ Asia is even muddier...
