Just weeks after abandoning plans to launch a premium Asian carrier with Malaysia Airlines, the Qantas Group has teamed with China Eastern Airlines to start a new low cost carrier, Jetstar Hong Kong. Qantas and China Eastern will invest $100m each in the joint venture, which will feature services to China, Japan, South Korea and SE Asia in 2013. Analysts believe the long-term end game is to enter the Chinese domestic aviation market.

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