50 SKY SHADES - World aviation news

Shun Tak Holdings confirms plans to close Jetstar Hong Kong

Download: Printable PDF Date: 27 Aug 2015 07:05 (UTC) category:
Shun Tak Holdings confirms plans to close Jetstar Hong Kong - Airlines publisher
Tatjana Obrazcova
Source: CH Aviation

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.

Loading comments for Shun Tak Holdings confirms plans to close Jetstar Hong Kong...


Strong demand in business & general aviation markets - Pilatus

Exhibiting both the PC-24 Super Versatile Jet and the advanced PC-12 NGX turboprop at the National Business Aviation Association’s annual Convention & Exhibition Pilatus confirm a stron...

Tamarack Aerospace announces U.S. military & civilian aircraft aftermarket modification

Responding to customer interest, Tamarack Aerospace has announced its current demonstration and validation tests for the King Air Tamarack Performance SMARTWING, a new military version and civilian ve...

GrandView Aviation engine maintenance agreement with Pratt & Whitney Canada

Pratt & Whitney Canada announced that business jet charter company GrandView Aviation has signed a Fleet Management Program  for its fleet of 26 PW535E engines powering Embraer...

Airbus Zephyr S reaches new heights in successful 2021 summer test flights ​​

The Airbus Zephyr S completes a successful 2021 test flight campaign in the United States.  The final Airbus solar-powered High Altitude Platform System (HAPS) flight touched down on 13th Se...