Qantas reportedly selling Jetstar Pacific stake
Flag carrier Qantas is reportedly trying to offload its minority stake in Vietnam based LCC Jetstar Pacific.
Qantas has a 30% stake in the airline, with the remaining 70% held by Vietnam Airlines.
It is apparently in talks to sell its share to Vietnam Airlines, according to local media outlet Vietnam.net
No final agreement has been made and discussions continue, it reports.
Jetstar Pacific has consistently been in the red for many years but recently turned a small profit in 2018.
If Qantas sells its stake the airline may have to rebrand as Qantas owns the Jetstar brand name.
Jetstar Pacific was originally established as Pacific Airways before Qantas bought a stake.
If Vietnam Airlines assumes 100% ownership of Jetstar Pacific if may discontinue the brand and absorb it into the main Vietnam Airlines operation or continue it as a fully owned low cost brand to compete with dominant player Vietjet.
TravelMole Editorial Team
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.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025