HIGH FLIER: Asian casino tycoon Stanley Ho's transport company is buying a stake in a budget airline that Qantas and China Eastern Airlines are setting up in Hong Kong.
TAKING OFF: Australia's Qantas Airways and Shanghai-based China Eastern said last year that the $198 million venture would serve swelling numbers of Chinese travelers.
HO'S CUT: Ho's Shun Tak Holdings Ltd. is paying $66 million for a third of the new venture that will fly under the Jetstar brand.
- Investment & Company Information
- China Eastern Airlines
- Stanley Ho