US Edition
Australia's Qantas to Exit Jetstar Japan to Focus on Domestic Offerings
Qantas exits Jetstar Japan as the airline shifts to Japanese capital ownership, with the Development Bank of Japan joining as a new shareholder in a transition set for July.
- Japan Airlines and Qantas announced a non-binding memorandum of understanding on Tuesday to shift Jetstar Japan's ownership to a Japanese capital-led structure.
- The Development Bank of Japan intends to join as a new shareholder while Tokyo Century retains its holding, with the carriers saying this change should benefit customers through stronger aviation and tourism ties.
- This July, the final shareholders' agreement and the brand transition are scheduled for Jetstar Japan, with an announcement on the new brand expected in October.
- Qantas chief executive Vanessa Hudson praised Jetstar Japan's pioneering role and thanked Japan Airlines and Jetstar team members for maintaining safety and service for millions of customers.
- Recent travel data and currency strength provide context for Qantas' timing as it restructures its Japan joint venture, with over 12.5 million Australians taking overseas holidays and the Australian dollar strengthening in recent months.
23 Articles
23 Articles
Qantas pulls out of Jetstar Japan
Qantas is selling its stake in Jetstar Japan, a low-fare airline, after signing a Memorandum of Understanding (MoU) with Japan Airlines, the other major shareholder in Jetstar. Within the non-binding agreement, Qantas intents to divest its entire shareholding in the carrier while Development Bank of Japan plans to enter as a shareholder, and Tokyo Century Corporation intends to keep its shareholding. Jetstar Japan launched in 2012 as a joint ven…
Qantas to divest its minority stake in Jetstar Japan
Qantas Group has signed a preliminary agreement with JAL Group to divest its 33.32% shareholding in Jetstar Japan (GK, Tokyo Narita) and transition the LCC to a new Japanese-based ownership structure comprising JAL, Development Bank of Japan (DBJ), and Tokyo Century. DBJ will replace Qantas Group as a shareholder, although the exact details of the transaction remain subject to negotiations and regulatory approvals. Tokyo Century plans to retain …
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
