The fate of Jetstar Hong Kong (Hong Kong Chek Lap Kok) has been sealed after Hong Kong-based property and transportation conglomerate, Shun Tak Holdings, announced it would not invest any further funds into the failed start-up.
"After reviewing the decision and potential course of actions, the Group has resolved not to further invest in the business of JHK and proposed to terminate its establishment and proceed with its winding-up," the firm said in a Hong Kong stock market filing.
Jetstar Hong Kong's other shareholders, Qantas (QF, Sydney Kingford Smith) and China Eastern Airlines (MU, Shanghai Hongqiao), have already confirmed they wish to put an end to the project after it failed to secure an Air Services Licence (ASL) from the Hong Kong Air Transport Licensing Authority (ATLA) in June. In its decision, the ATLA ruled the start-up did not conform to local laws governing an entity's Principal Place of Business (PPB).
As it currently stands, Jetstar Hong Kong's sole remaining A320-200 (sl) has now been sold to a Chinese lessor.
Qantas has inaugurated its new Product Innovation Centre in Adelaide, with South Australian Premier Peter Malinauskas joining Qantas Group Chief Technology, AI and Transformation Officer Rachel Yangoy...
Boeing and American Airlines announced the successful completion of the first landing gear exchange for a 737 MAX, marking a key milestone as the company extends its longstanding Landing Gear Exchange...
Electra and The Atlas Group today announced a landmark airframe agreement for the EL9 Ultra‑Short aircraft, uniting Electra’s next‑generation design with Atlas’s established aerospace manu...
ExecuJet MRO Services South Africa, a wholly-owned subsidiary of Dassault Aviation, will be exhibiting at the Africa Aerospace & Defence (AAD) Expo 2026 at Waterkloof Air Force Base in Pretoria (1...
