Bloomberg News

Qantas Forms H.K. Budget Airline on China Demand

March 26, 2012

Qantas Airways Ltd. (QAN) teamed with China Eastern Airlines Corp. to form a budget carrier in Hong Kong, the Australian airline’s fourth Asian hub, as it taps faster growing overseas markets.

The two carriers will invest as much as $198 million in equally-owned Jetstar Hong Kong, which will begin flights with three Airbus SAS A320s next year, according to a statement yesterday. Bloomberg's Paul Allen reports. (Source: Bloomberg)

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