Low cost carrier AirAsia X wants to raise $US275m in an IPO. The money will be used to buy more aircraft and pay down debt. The airline is also planning new hubs in Jakarta, Denpasar, Bangkok and Tokyo. Meanwhile, Qantas has sold a one-third share of Jetstar Hong Kong to powerful local transport and tourism company Shun Tak, controlled by billionaire Stanley Ho. China Eastern is also a shareholder. Jetstar HK is seeking regulatory approval so it can fly by the end of this year with China the main target market.
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