Jetstar A320. By Rob Finlayson China Eastern Airlines (MU) and Qantas Group (QF) are planning to launch a low-cost subsidiary, Jetstar Hong Kong. The Hong Kong-based joint venture (JV) is expected to launch in 2013. The new JV, subject to regulatory approval, will make MU the first state-owned Chinese carrier with an LCC. According to MU, the new JV will have a registered capital of $115 million; each airline will own a 50% share of the LCC. “The low-cost airline market in ...

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