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Qantas welcomes new Jetstar Pacific partnership structure

22-Feb-2012 8:52 AM

Qantas welcomed (21-Feb-2012) the new partnership structure of Vietnam-based Jetstar Pacific which sees Vietnam Airlines taking a 70% stake in the carrier and the Qantas Group holding 30%. Qantas CEO Alan Joyce stated the "partnership brings together the proven low cost model of Jetstar with the unique local knowledge and existing networks of national carrier, Vietnam Airlines". Under the partnership, the LCC will receive an initial capital injection of USD26.9 million which will allow the carrier to conduct a fleet renewal programme with its current Boeing 737 aircraft replaced with A320 aircraft from mid-2012. According to CAPA, Jetstar Pacific currently operates seven 737-400 and two A320 aircraft. [more - original PR]