Ho Chi Minh City-based Jetstar Pacific is a Vietnamese low-cost carrier. Formerly known as Pacific Airlines, the airline was re-branded Jetstar Pacific after a 2007 corporate restructuring which saw Australian-based Qantas take a minority shareholding. Jetstar Pacific is now part of the Jetstar low-cost network which includes Jetstar Asia (Singapore) and Jetstar (Australia). Until Feb-2012 Jetstar Pacific was 27% held by Qantas with other shareholders including its largest shareholder, State Capital Investment Corporation (SCIC) and Saigon Tourist Holding Company. On 22-Feb-2012, Qantas announced that the SCIC majority investment had been transferred to Vietnam Airlines and that Qantas increased its shareholding to 30% - cementing an interesting partnership between a full service and low cost airline.
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