Qantas CEO Speaks on Budget Alliance

Qantas CEO Speaks on Budget Alliance Play

March 26 (Bloomberg) -- Qantas Airways Ltd. Chief Executive Officer Alan Joyce speaks at a news conference in Hong Kong about the airline's plans to form a budget carrier with China Eastern Airlines Corp.¶ 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 today. The fleet will grow to 18 planes by 2015, it said. (Source: Bloomberg)

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