13-Jul-2012 10:36 AM

Jetstar Group has no plans for new JVs in near term, double-digit growth to continue

Jetstar Group stated the brand is expected to continue its double-digit growth trajectory despite a consolidation phase that will see no new JVs in the near term. According to a report in The Australian, the carrier will instead focus on its recently-launched Jetstar Japan JV and the establishment of Jetstar Hong Kong in partnership with China Eastern Airlines (the JV is still subject to regulatory approval). Both JVs are expected to drive growth in the next two to three years, with Qantas Group CEO Alan Joyce noting even the initial growth plans for the two JVs would see expansion equivalent to around half of the current Jetstar Group fleet.

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