QANTAS and SkyTeam carrier China Eastern today announced a joint venture to be called Jetstar Hong Kong to commence services from Hong Kong next year. The airline will initially commence services with three Airbus A320s and plan to expand to a fleet a eighteen aircraft by 2015. Each airline will invest US$99 million into the new carrier. As well as the existing Jetstar Asia carrier based in Singapore there are plans to expand the Jetstar Pacific operation from Vietnam in conjunction with Star Alliance carrier Vietnam Airlines and to set up new Jetstar carriers in both Japan and Hong Kong.