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Jetstar Pacific - Largest shareholder seeking to reduce holding in loss-making LCC

11th December, 2008

Jetstar Pacific’s largest shareholder, Vietnam’s state investment arm, SCIC, has sought approval from Vietnam’s Prime Minister, Nguyen Tan Dung, to reduce its holding in the LCC and to allow other domestic businesses to invest in the airline. [952 words]

Unlock the following contents in this report:

Subheadings:

  • Reports loss of USD22 million in ten months to Oct-08; could run out of funds by end of 2008
  • Taking first international steps to Thailand and Cambodia in Dec-08
  • Lunar New Year capacity
  • Vietnam allows more flexible pricing on some domestic routes; restores 5% jet fuel import tax

Graphs and data:

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