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.
VINCI Airports has announced a landmark £500 million investment programme for Edinburgh Airport over the next five years, marking the largest investment in the airport's history. The initiat...
As the first aviation company in Kansas to introduce state-registered youth apprenticeships through the Kansas Office of Apprenticeships, Textron Aviation is taking a leading role in workforce develop...
Vertical Aerospace has unveiled a new Aircraft Assembly Centre at Cotswold Airport, reinforcing its transition from aircraft development and testing to certification and early-stage production of its...
The business aviation landscape is evolving rapidly. Client expectations are shifting, demand for unique travel experiences is on the rise, and aircraft acquisitions remain resilient despite geopoliti...
