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Qantas Airways (QUBSF.PK) has sold part of its stake in startup Jetstar Hong Kong to Shun Tak...

Qantas Airways (QUBSF.PK) has sold part of its stake in startup Jetstar Hong Kong to Shun Tak Holdings. Originally a 50-50 joint venture with China Eastern Airlines (CEA), the new low-cost carrier now has three equal investors. The hope is that the inclusion of a local investor (Shun Tak founder is Hong Kong billionaire Stanley Ho) will help the new airline get its operating license. Cathay Pacific (CPCAY.PK) has reportedly been opposing the license of a new competitor.
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