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Australian, Chinese airlines start joint venture
By IANS | Bharat Defence Kavach | Publish Date: 3/26/2012 12:00:00 AM
Australian, Chinese airlines start joint venture

Sydney :  Australia''s Qantas Airline has entered into a joint venture agreement with China Eastern Airlines to launch a low-cost airline in Asia.

Jetstar Hong Kong will begin flights in 2013, flying short-haul destinations in Asia, China, Japan and South Korea, Qantas announced Monday.

The maximum capitalization of establishing the airline will be $198 million, it added.

"The shareholding percentage in Jetstar Hong Kong will be equally held by China Eastern Airlines and Qantas Group, which will be equal partners in the joint venture," Qantas said in a statement.

Qantas CEO Alan Joyce said the agreement will build a strong platform for accessing the world''s largest, fastest growing and most profitable aviation market, Xinhua reported.

China Eastern Airlines Chairman Liu Shaoyong said the airline was pleased to be extending its 20 year relationship with the Qantas Group.

The Jetstar Group is Asia Pacific''s fastest growing and largest low fares network by revenue, with airlines in Singapore, Japan, Vietnam, Australia and New Zealand. It operates up to 3,000 flights a week to almost 60 destinations.


Australian, Chinese airlines start joint venture


भारत डिफेंस कवच की नई हिन्दी पत्रिका ‘डिफेंस मॉनिटर’ का ताजा अंक ऊपर दर्शाया गया है। इसके पहले दस पन्ने आप मुफ्त देख सकते हैं। पूरी पत्रिका पढ़ने के लिए कुछ राशि का भुगतान करना होता है। पुराने अंक आप पूरी तरह फ्री पढ़ सकते हैं। पत्रिका के अंकों पर क्लिक करें और देखें। -संपादक

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