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Jetstar Asia still flying at a loss

23-Sep-2009

Qantas Group increased its ownership in Orangestar Investment Holdings and its controlled entities (the Jetstar Asia Group) to 49% from a previous 45% on 08-Apr-09. This transaction was completed via a newly incorporated entity, Newstar Investment Holdings, in which Qantas also owns 49%. Through funding from Qantas Group, Newstar acquired 100% of the Jetstar Asia Group, providing Qantas Group with 100% of the economic interest in Jetstar Asia. Consequently, the Jetstar Asia Group is now included in the Qantas Group's financial statements, and was included for the first time in FY2008-09. But the numbers are not particularly good. [900 words]

Unlock the following content in this report:

Subheadings:

  • Signs interline agreement with Qantas
  • Plans to expand by 46% from Singapore over next 12 months
  • Also expanding in Malaysia and Thailand
  • Expands into China, looking to expand into India and Laos

Graphs and data:

  • Singapore capacity share by carrier (week commencing 14-Sep-09)
  • Jetstar Group aircraft orders: 2010-2016
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