Shun Tak buys into Qantas's Jetstar HK joint venture MACAU transport and property company Shun Tak Holdings has bought a third of Jetstar Hong Kong, a joint venture involving Qantas Airways and China Eastern Airlines, for $US66 million. Jet Star Hong Kong's market value would remain unchanged at $USI198 million with each of the three partners contributing equity of up to $US66 million to the venture, Qantas said in a statement. The low-cost carrier's application for regulatory approval in Hong Kong was "well under way," it added.