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Qantas increases share in Jetstar Japan by injecting USD114m in non-voting shares

31-Oct-2013 10:32 AM

Qantas announced (31-Oct-2013) a combined equity injection of AUD120 million (USD113.6 million) in  in the form of non-voting shares, which will be equally shared by the two major shareholders, Qantas and Japan Airlines. The investment will increase Qantas and Japan Airlines’ economic interest from 41.7% each to 45.7% each. Mitsubishi Corporation and Century Tokyo Leasing will have 4.3% each of the LCC, down from 8.3% each. The equity injection will support Jetstar Japan’s future fleet and infrastructure growth, enabling the carrier to capitalise on the significant potential of the low cost carrier market in the world’s third largest economy. [more - original PR]