Qantas Will Create First Low Cost Hong Kong Airline

Qantas Will Create First Low Cost Hong Kong Airline

Qantas Airways Limited (QAN) operates domestic and international airlines under the widely known Flying Kangaroo banner.

These airline operations are complemented by extensive holiday travel activities, catering facilities for QAN services and external customers, ground handling of baggage and freight, and engineering and maintenance services. QAN offers both premium and discount airlines.

S&P/ASX 200 stock Qantas Airways announced that it will create Hong-Kong’s first low-cost carrier.

Jetstar Hong Kong will be formed with joint venture partner Eastern Airlines with the aim of cornering the fast-growing Chinese market.

The initiative comes as the airline continues of expanding outside its home country to reduce costs and position itself to tap into the growing Asian economies.

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Best Stocks News: Qantas Airways Limited (QAN)|ASX QAN SharesQantas Airways Limited (ASX:QAN) is one of the world’s leading airlines and an Australian icon.

On top of its standard domestic and international flights, QAN also owns budget airline Jetstar, regional airline QantasLink and related travel businesses Qantas Flight Catering.

Although some still consider QAN as a blue chip stock, its huge share price fall since the GFC has taken away a lot of its lustre.

Today QAN resumed flights after the Fair Work Tribunal ordered the termination of industrial action by its workers.

The carrier sensationally grounded its entire fleet on Saturday in response to the strikes, forcing the government to intervene in the crisis.

Qantas and its workers now have 21 days to resolve their dispute otherwise the Tribunal will impose a resolution of its own.

Following the tribunal’s decision, QAN has been one of the best performers in the Australian share market today.

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Qantas (QAN) is one of the world’s leading airlines, an Australian icon, and is widely considered among the blue chip stocks in the Australian stock market.

On top of its standard domestic and international flights, QAN also owns budget airline Jetstar, regional airline QantasLink and related travel businesses Qantas Flight Catering.

According to the Australian Financial Review, QAN may be in talks to buy West Australian charter airline, Network Aviation.

Network Aviation offers services to fly-in-fly-out workers in remote mining towns.

QAN may pay more than $30 million for the acquisition in attempt to tap into Australia’s current mining boom.


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