Stanley Ho’s Shun Tak buys into Qantas’ Jetstar Hong Kong joint venture

Qantas Airways and China Eastern Airlines have sold a US$66 million stake in their budget airline joint venture to a Hong Kong-listed company, a move expected to pave the way for an operating licence.

Property-to-transport conglomerate Shun Tak Holdings, founded by Macau casino tycoon Stanley Ho, will take 33.3 per cent of Jetstar Hong Kong, which was launched last year but is still awaiting approval for its air operator’s certificate.

via Business feed http://www.scmp.com/business/companies/article/1254678/stanley-hos-shun-tak-buys-qantas-jetstar-hong-kong-joint-venture