PPRuNe Forums - View Single Post - E rats banned from expansion into China for 6 months !!!
Old 16th Jun 2017, 05:45
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Sunfish
 
Join Date: Aug 2004
Location: moon
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Compressor stall, if you knew anything about China, you would understand that Emirates is getting the same medicine that is always handed out to foreign institutions that are sucked into doing business with China, and Yes, that includes Qantas/jetstar and Alan Joyce.

I have written extensively elsewhere on the problem of China - specifically, that no foreigner is allowed to profit from China, and even if they do make a profit, it proves impossible to get that profit out of China.

The latest victim is obviously Emirates, but there are plenty of others, the latest being Crown Casinos and Mr. Packer. They have quietly sold their Macau and mainland casinos to their "joint venture partner," Mr. Ho and fourteen of their China staff have been arrested and charged with "promoting gambling". One distant acquaintance of ours just missed out, he was in Australia when the arrests were made and he will now never go back to China or transit through Hong Kong.

Jetstar Asia will get the same treatment in due course if it succeeds in taking market share from the locals. It will survive only as long as Qantas keeps throwing money at it.
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