Hong Kong rejects Jetstar budget airline bid
HONG KONG (AP) — Hong Kong regulators on Thursday rejected an application for a budget airline joint venture involving Australia's Qantas and China Eastern Airlines, saying it could not be considered a local carrier.
Two years after Jetstar Hong Kong applied for the airline license, the southern Chinese city's Air Transport Licensing Authority denied the startup's application, saying its majority foreign ownership meant its main place of business was not in Hong Kong.