Australia's Qantas Group and China Eastern Airlines have agreed to launch a new budget carrier for the Chinese market.
The carrier, Jetstar Hong Kong, will be the first low-cost airline based in Hong Kong, according to Qantas.
Jetstar already runs budget airline services in other parts of Asia.
The expansion is in line with Qantas' strategy to revive its international business.
Jetstar Hong Kong will start operation in 2013 with a fleet of three Airbus A320s, increasing it to 18 by 2015.
The two companies would be equal partners in the joint venture which will have $198m (£125m) in capital.
"We see tremendous potential for the Qantas Group in Asia and we are looking forward to working more closely with China Eastern Airlines to deliver on it," Alan Joyce, Qantas' chief executive officer said.
Source & Image : BBC
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