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. [900 words]

CAPA Members Login Username: Password: Remember details

Instantly get access to this article now for USD15.00. or If you've already bought this article, you can view it by typing your Article Key:

This report contains the following subheadings:

• Signs interline agreement with Qantas
• Plans to expand by 46% from Singapore over next 12 months
• Also expanding in Malaysia and Thailand
• Expands into China, looking to expand into India and Laos

This report contains the following charts and tables:

• Singapore capacity share by carrier (week commencing 14-Sep-09)
• Jetstar Group aircraft orders: 2010-2016