It's been revealed that Jetstar Hong Kong is selling more of its grounded fleet in an effort to cut costs as their approval process continues to drag out.
Jetstar Hong Kong has sold a total of six of its aircraft because it is taking longer than expected to get a licence to operate. The airline, which is a joint venture between Australia's Qantas, China Eastern Airlines and Hong Kong-based Shun Tak Holdings applied for regulatory approval in 2012 in the southern Chinese city.
The delay is in part due to heavy lobbying by incumbent Cathay Pacific who claim that the airline is in fact an Australian entity, not Hong Kong-based. "The whole Jetstar network is part of an Australian entity and certainly can't pass the test of being principally based here in Hong Kong," Cathay's chairman John Slosar had said earlier this month.