Jetstar Asia closing down next month
Jetstar Asia is soon to take its last ever flight.
Qantas and majority owner Singapore based Westbrook Investments announced the airline will close down at the end of next month.
The owners cited competition in the Asia budget market and increasing operational costs including higher fees at Singapore’s Changi Airport.
They say it is not sustainable to continue low cost flight operations at Changi.
It doesn’t impact Qantas Group’s Australia based brand Jetstar.
The closure will lead to the loss of about 500 jobs.
Passenger with booked flights will be entitled to refunds.
“The airport fees are a part of it. That has had an impact on the business,” said Jetstar Group CEO Stephanie Tully.
Jetstar Asia had forecast a A$35 million loss for this financial year.
Jetstar Asia’s fleet of 13 A320 aircraft will be redeployed to Australia and New Zealand.
Westbrook Investments is the majority owner with a 51% stake while Qantas holds 49%
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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