Loading

Jetstar Asia still flying at a loss

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.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 898 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.