Low-cost Jetstar Asia is cleared for take-off

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Singapore's newest low-cost airline, Jetstar Asia, launches services this month with Airbus A320s to seven Asian cities - Hong Kong, Jakarta, Manila, Pattaya, Surabaya, Shanghai and Taipei. The airline will fly to three of the destinations in December and the others from January. The services will have an all-economy class layout, assigned seating and a 20kg (44lb) baggage allowance, but no free meals. Qantas holds a 49.9% stake, while Singaporean businessmen Tony Chew and Fong Fui Wong own 21.1% and 10%. Singapore government investment company Temasek Holdings owns the remaining 19%.