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-   -   Jetstar to launch Hong Kong based carrier (https://www.pprune.org/australia-new-zealand-pacific/459633-jetstar-launch-hong-kong-based-carrier.html)

slim 4th Aug 2011 04:04

Jetstar to launch Hong Kong based carrier
 
Australia's Jetstar plans Hong Kong-based carrier - MarketWatch

breakfastburrito 4th Aug 2011 04:08

for the record:

Aug. 3, 2011, 9:52 p.m. EDT
Australia's Jetstar plans Hong Kong-based carrier

HONG KONG (MarketWatch) -- Australia's Jetstar Group plans to launch a Hong Kong-based budget airline focused on mainland China routes and has started discussions with the city's government to apply for an air operator's certificate, the Apple Daily reported Thursday, citing unnamed sources.

The report said Jetstar, a unit of Qantas Airways Ltd. (QAN.AU), is seeking Hong Kong permanent residents as potential majority shareholders of the proposed airline, to conform with Hong Kong laws regulating ownership of airlines registered locally.

Jetstar already operates flights within Asia through its Singapore-based unit, Jetstar Asia Airways Pte. Ltd.
original:Australia's Jetstar plans Hong Kong-based carrier - MarketWatch

Red Jet 4th Aug 2011 04:09

Good luck with that BB & AJ. I'm sure Cathay and Dragon are shivering with fear that you're bringing your extensive Asian experience to their backyard;)

The Green Goblin 4th Aug 2011 04:10

I'm sure Cathay as a One World partner will also be impressed with Qantas :rolleyes:

ohallen 4th Aug 2011 05:17

More capital being syphoned off from the group for easy pickings by locals. Thank goodness for the profitable QF DOM.

This is going to end up like a house of cards waiting for a strong wind.

Smartest guys in the room for sure.

Clb Crz Alt 4th Aug 2011 05:38

So qantas as an Aus based premium carrier paying normal award salaries, thus being downsized by management and j* and are struggling to survive in todays market, taking on low time pilots willing to PAY HUGE money to fly for them, then work for lower pay and conditions for the remainder of their careers, while having to be based OUTSIDE AUSTRALIA, BECAUSE AUSTRALIA is too expensive to base pilots , yet they can open a base in one of the most expensive cities in the world.

Oh, yes, I forgot, the pilots will have to pay for their own accommodation, medical, school fees, etc just like the suckers in j* Sin do.

Strange how Cathay can pay their salaries AND accomodation allowance etc, yet still be one of the most profitable airlines around.

More BS from untrustworthy ceos and management. How many million will that net these B$tards in bonuses.

nitpicker330 4th Aug 2011 06:04

Good luck trying to get landing slots too. Cathay, Dragon and HK Airlines won't let you have any excess available without a fight.

Want CX wants, CX usually gets in HK.

porch monkey 4th Aug 2011 08:11

And he calls jetstar Asia a success? I can't wait to hear what this gem gets called then. They will get eaten alive.

galdian 4th Aug 2011 08:13

....might??

Ever any real doubt :E

Karunch 4th Aug 2011 08:15

And I'm sure the former KA managers now in Jq management will be more than willing to help with the setup. Perhaps their mates in HK will finally realise how far their former peers have fallen.

Anyone remember Oasis?

Pukka 4th Aug 2011 09:12

This rings of the same stupidity as announcing a direct service with an aircraft that has insufficient range.

Sell QF buy CX

VR-HFX 4th Aug 2011 09:23

Joyce and Clifford are not just incompetent they are also delusional.

First they try their very best to destroy the QF brand (with remarkable success) and then think they can use the QF balance sheet and any residual reputational leverage to punt J*.

Clifford won't front the media but Joyce and Buchanan have both proved they can stutter with the best of them when the truth is not quite the way they have presented the facts.

A low cost carrier focussing on China...based in HKG...mind numbingly ignorant at best .... more likely dumb as a box of hammers.

The Green Goblin 4th Aug 2011 10:04

Don't worry, like Jetstars international arm it will be a sound business and highly lucrative from day one.

Qantas mainline will lose 400 million next financial, and require further restructuring :ugh:

hongkongfooey 4th Aug 2011 10:09

This is possibly the funniest and stupidest thing I have ever heard, my first reaction was to check it wasn't April 1st :}

Forget about the small players, CX and KA, I'd be a little more worried about Air China, China Southern, China Eastern, and the other 100 carriers in China.
Oh yeh, and the 100s of slots available in HK and China.

Then I guess it will be a case of attracting people to poison themselves and their families In pollution central for what ? I'm guessing 100k HKD a month for a captain and 65 for an effo ? A nice flat in HK will cost around 30-40k and then there's the cheap cost of living.....bring it on :ok:

1a sound asleep 4th Aug 2011 10:15

AJ kept mentioning China and I doubt they would be allowed to set up a hub inside China. So everything hubs from HKG - All parts of Asia and Europe.

Very dangerous territory if you ask me.

How about Qantas sells off Jetstar to some wise investors and floats it on the stock market. Could probably raise a few billion as it is such a brilliant concept. Then Qanats can get back to being what it is supposed to be doing and RUNNING QANTAS!:D

Budfox 4th Aug 2011 10:48

hmmmmm
 
Pretty arrogant to think they can just waltz on in there and set up shop in my opinion.
They really are trying to muscle in on the big boys and pee in their backyards at whatever cost.
Maybe they should double check the share price of QAN !!!
Its looking really sick :ouch:

porch monkey 4th Aug 2011 10:50

The only problem with selling it is they have to find investors who are terminally stupid. Anyone with any brains will want to do due diligence. If they do that, they would be terminally stupid to buy it, given by their own admission they only make money on coffee and muffins!
Mind you, there are some terminally stupid people out there.....

600ft-lb 4th Aug 2011 11:13

Interesting to see that jetstareurope.com has been registered.

Guess where the 787's are headed boys!

I reckon I can count on no hands how many 787's Qantas will be getting.

767's til 2020 my prediction.

GUARD 4th Aug 2011 11:30

This is like someone trying to root their mates' wife while he's in the lounge room........


What a joke:D

1a sound asleep 4th Aug 2011 11:39

Jetstar locks onto Europe, and the offshoring of Qantas jobs, with ‘early’ 787s | Plane Talking

Jetstar locks onto Europe, and the offshoring of Qantas jobs, with ‘early’ 787s
July 14, 2010

All fits together

JMEN 4th Aug 2011 11:42

Not the only ones...
 
Alas not the only ones, seem to be a step behind Air Asia.

Air Asia is setting up in Japan, Vietnam, Hong Kong, Manila & most likely everywhere else.

The market is Asia is going ape****, huge, now SIA LO CO too.

Good times for S.E. Asia. :cool:

Neptunus Rex 4th Aug 2011 12:45

I cannot see it happening. Macau, or perhaps Shenzen, but not Hong Kong.

boocs 4th Aug 2011 12:53

What's the latest on Jet* Pacific/Vietnam??

b.

AQIS Boigu 4th Aug 2011 14:41

slot problems not just in HKG...
 
...try leaving to BJS or SHA on time... huge ATC delays on a daily basis...wonder if AJ has considered this...

why low cost...?? all the Mainlanders love buying branded stuff in Central and they certainly won't fly a LCC home to the Middle Kingdom when flashing their newly bought goods at check in...

Gnadenburg 4th Aug 2011 14:52


Can't you just see the Jetstar execs standing out front of the HK club in their RM's wondering why the doorman won't let them in.
I wear black or brown RM's to the HKG Club. I have never been kicked out. :ok:

http://i236.photobucket.com/albums/f...r/DSC03227.jpg

Cornas night. Auguste Clape.

DrPepz 4th Aug 2011 16:27

Does Qantas think Hong Kong is like Singapore? The Singapore government welcomed Jetstar Asia with open arms, telling the world that "If SIA has to be sacrificed for the sake of Singapore's hub status, then so be it".

CAAS lobbies and fights for 3K's rights as if it is a Singaporean carrier, even though the 51% Singaporean "owner" was just given however many million it was by QF, to "purchase" 51% of 3K. Everyone in Singapore knows it is a sham set-up, but tolerates it because of the job creation which 3K supposedly brings to Singapore.

Rights which SIA lobbied for decades are now handed to 3K on a platter. QF through 3K will be able to use unlimited 3rd and 4th freedoms to most countries in Europe (I think only CDG and FRA are rights restricted).

3K can also fly SIN-NZ-USA, because there is unlimited 3rd 4th and 5th freedoms between SIN, NZ and the USA. CAAS will only be too happy to facilitate this for the QF Group.

The previous SIA management just stood by and allowed SIA's market share to fall from 50% to 35% in Changi over a decade. The new SIA management has woken up, and, seeing that QF announced their plans for 3K so far ahead in advance, has started to form their own LCC to take up most of the FCO and ATH rights before 3K applies for them.

Will CX and Hong Kong Airlines just sit by blindly and let 3K do in HKG what they did in Singapore?!

training wheels 4th Aug 2011 16:56


HONG KONG (MarketWatch) -- Australia's Jetstar Group plans to launch a Hong Kong-based budget airline focused on mainland China routes and has started discussions with the city's government to apply for an air operator's certificate, the Apple Daily reported Thursday, citing unnamed sources.
I hope they've done their market research on this. LCC airlines in China don't seem to be popular with the Chinese traveling public. There's only one LCC in China at the moment (Spring Airlines) and the other LCC from Hong Kong (Oasis Airlines) went bankrupt a few years ago.

Sonny Hammond 4th Aug 2011 17:10

The madness never ends with this lot.

JMEN 4th Aug 2011 17:30

Air Asia
 
ROUTES ASIA: AirAsia

This is the real low co in the region, look at the size, J*, Tiger, SIA Lo Co, none of them are even close to the size and power of Air Asia.

From a little 2 bit outfit 8 years ago, to the size it is today, huge!

I remember reading about a HK base for em but maybe they decided not? That would tell me something.

Also talk that AA setting up a Sing base, already heaps of flights ex Sing.

AA 656 flights a day, these are the guys to watch.

As I have said before and will say again, this region is going ape****! :D

Sunfish 4th Aug 2011 21:52

Dumb as rocks. This is sheer fcuking madness.

TSRABECOMING 4th Aug 2011 22:57


ROUTES ASIA: AirAsia

This is the real low co in the region, look at the size, J*, Tiger, SIA Lo Co, none of them are even close to the size and power of Air Asia.

From a little 2 bit outfit 8 years ago, to the size it is today, huge!

I remember reading about a HK base for em but maybe they decided not? That would tell me something.

Also talk that AA setting up a Sing base, already heaps of flights ex Sing.

AA 656 flights a day, these are the guys to watch.

As I have said before and will say again, this region is going ape****! :D
And AA hire very cheap pilots too esp outside their Malaysian hubs. Both AA and J* are the same. Their pilots get less money just to save the company cost.

standard 4th Aug 2011 23:26

The ignorance of QF management is astounding!!

If they think that they can just walk into these countries and market a successful LCC without resistance they are on f%cking drugs!!!

They seem to think that with their Weeties Packet Business degrees, anything that they dream up will be successful!

The only reason JQ has been as successful as they claim in Australia is because it's ridden on the back of QF's safety record and cannibalisation of QF routes.

I believe JQ Vietnam is underperforming and JQ Singapore's days of nil-resistance are numbered as SIA shifts into another gear to take JQ down.

JQ's new proposed airline in Japan with JAL is just insane!... JAL were broke 6 months ago!!! But i suppose QF will prop them up!

All i can say is good luck to these short sighted, money hungry f@cks!, Karma is a mutha, and it will come after them well after they have failed at their ridiculous uneducated plans for global domination in a marginal low cost market at the expense of QF!

DirectAnywhere 4th Aug 2011 23:29

Wish I could claim it as mine, but I can't. Thanks again Ben!


Jetstar would get done faster than a wok full of noodles in Tsim Sha Tsui.
;)

ReverseFlight 5th Aug 2011 10:53

J* in Hong Kong will end up like Tiger in Oz.

A fish out of water.

JMEN 5th Aug 2011 11:09

AA
 
Don't be fooled by AA, yes they do pay less if they can depending on where. This is a rumour network after all.

Someone told me that AA in KL Capt on around 35k MYR which is around 11.5k USD. Living in KL that is pretty good coin I would imagine you could live large and still save a bit if you wanted to? Growing network for travel, sounds pretty good actually! That is of course if you want to live there and many do.

AA even opening cabin crew base paying more than J* or Tiger, interesting!

TSRABECOMING 5th Aug 2011 11:40

yes that's only in Malaysia

hongkongfooey 5th Aug 2011 11:54

Very unusual thread this one, everybody agrees :ok: That QF/Jetstar is run by :mad:ing idiots ;)

Forward CofG 5th Aug 2011 13:33

Bonded employment in Hong Kong is against the labour ordinance.

I wonder how long Jetstar could hope to hold on to employees when they realize how expensive it is to survive in one of the most expensive cities in the world, especially on the types of wages they pay.

Could end up as a training ground for Air Asia and other carriers in the region.

SMOC 5th Aug 2011 13:50

Air Hong Kong (the A300 freight mob) is based in HK but the crews are Singapore based to avoid the higher costs of HK, however I believe crews can request HK as a base but remain on the same COS.

There are ways around it and if the number of cadets applicants to CX from overseas knowing full well that they won't get expat housing is any sign, those with shiny jet syndrome or a quick command will fill the slots. :ugh:

TBM-Legend 6th Aug 2011 03:11

no growth in the area??

Today's Financial Times:

FT) -- HSBC is planning to hire up to 15,000 people in fast-growing markets in Asia and Latin America over the next three years even after confirmation of the bank's plans to cull jobs elsewhere.
Stuart Gulliver, HSBC chief executive, revealed plans on Monday to cut up to 30,000 jobs by 2013, as HSBC reported stronger-than-expected first-half results.
The cuts, which analysts expect will come mostly in Europe and the US, are part of Gulliver's plan to strip up to $3.5bn from the bank's cost base by 2013.
Of the 5,000 job cuts already identified by the bank, 700 will come from the UK, the same in France and the rest from Middle-East and some parts of its Latin American operations.


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