Unlocking Word Meanings 
Read the following words/expressions found in today’s article.
Read the following words/expressions found in today’s article.
1. stake (n.) [steyk] – a financial
share, interest or involvement in a business
Example: ABC Company is selling its stake in one of the major food
processing companies in the country.  
2. aviation (n.) [ey-vee-ey-shuhn, av-ee-] –
the design, manufacture, use,
or operation of aircraft
Example: Competition of airline companies
strengthens the aviation industry. 
3. budget (adj.) [buhj-it] – cheap and
priced at a reasonable value
Example: Budget trips are suitable for people who do not want to
spend too much.
4. route (n.) [root, rout] – a path taken to travel from
one place to another
Example: The company driver takes the same route from office to the bank.
5. fleet (n.) [fleet] -  a
large group of vehicle working or managed as a unit, usually by a commercial
enterprise
Example: The city's fleet of government cars runs on alternative fuels.  
Article
Read the text below.
Read the text below.
In 2013, Australian carrier Qantas and China Eastern Airlines will
  launch Jetstar Hong Kong, a new low-cost Asian airline. 
The Qantas Group had previous talks with
  Malaysian Airlines over a partnership Asian airline, but the deal did not
  push through.  
Now, Qantas is looking forward to working
  closely with partner China Eastern Airlines. The two major airline companies will
  each have an equal stake on the
  new budget airline. 
Jetstar Hong Kong will be an expansion of
  Qantas’s budget brand, Jetstar, which already flies domestic Australian and
  Asian routes.  Jetstar plans to further take advantage of
  the fast-growing aviation market
  in Asia by flying short distance routes
  in China, Japan, South Korea and Southeast Asia.  
According to Jetstar’s Chief Executive Bruce
  Buchanan, the budget airline especially aims to enter Greater China’s travel
  market, which only has a few low-cost carriers. The Greater China region
  produces 300 million passengers a year, the number of which is expected to
  increase to 450 million by 2015 as Chinese middle-class spending rises. 
Buchanan says Jetstar Hong Kong’s fares will
  be half the price of other full-service airlines and will increase travel
  demand, because travelers can go on “more trips, more often”. 
The announcement of the new Hong Kong-based
  airline has good timing. John Lee, chief executive of the Tourism and
  Transport Forum based in Australia, said that the number of Chinese people travelling
  internationally is growing fast. 
Jetstar Hong Kong will first open with a fleet of three Airbus A320s, but the
  airline plans to increase its airplanes to 18 by 2015. 
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Viewpoint Discussion
Enjoy a discussion with your tutor.
Discussion A
·        
Would
you say Qantas’s decision to start budget airlines is a good one? Why or why
not?
·        
What
are the possible disadvantages of taking a budget airline?
Discussion B
·        
What
are the things you consider in choosing an airline? Please explain further
·        
Do
you think more people would be encouraged to travel with affordable fares? Why
or why not?