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Jetstar Pacific - Change in ownership regulations paves the way for Qantas to increase stake to 49%

17-Dec-2008

Vietnam Prime Minister, Nguyễn Tấn Dũng, signed a decision on 14-Dec-08 to allow Jetstar Pacific Airlines, the first joint stock airline in Vietnam, to raise its charter capital by issuing shares to the company's current shareholders. [660 words]

Unlock the following content in this report:

Subheadings:

  • Reports loss of USD22 million in ten months to Oct-08; could run out of funds by end of 2008
  • To reduce fleet growth in 2009
  • To be granted additional route rights

Graphs and data:

  • Vietnam Domestic capacity breakdown by carrier (seats per week as % of total): Week commencing 08-Dec-08
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