Jetstar woos Hong Kong investors to secure regulatory nod, compete with Cathay

Jetstar Hong Kong, the low-cost airline seeking regulatory approval to set up in the city, is inviting local investors on board to defuse political opposition to its take-off.

The company - owned by China Eastern Airlines and Jetstar Group, a unit of Australian airline Qantas - lodged its application for an operating licence more than six months ago.

The government said it was busy reviewing the regime that regulates new carriers, to explain the delay.

via Business feed http://www.scmp.com/business/companies/article/1233994/jetstar-woos-hong-kong-investors-secure-regulatory-nod-compete