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Jetstar 'absolutely' to grow bigger than Qantas: CEO

18-Jul-2011 12:58 PM

Jetstar CEO Bruce Buchanan announced he “absolutely” expects Jetstar to grow larger than parent Qantas (Herald Sun, 18-Jul-2011). He stated that the LCC group has carried 20 million passengers in the past year and added “the big low-cost carriers like AirAsia, Ryanair and Southwest Airlines, none of them reached that milestone so quickly.” We're the fastest growing airline in the history of aviation," he said. Mr Buchanan expects “a four to five times multiple” for LCC growth in North Asia by 2020 and he said “there will be new Jetstar airlines which will appear in other parts of the world as well.