Qantas will offload shareholding in Jetstar Japan
Qantas Airways is set to divest its shareholding in Jetstar Japan as the low-cost carrier becomes a fully Japan owned airline.
Qantas Group is offloading its 33.32% stake in Jetstar Japan while the Development Bank of Japan will join as a shareholder.
Major shareholders Japan Airlines and Tokyo Century Corp are expected to retain their 50% and 16.7% stakes.
Jetstar Japan was founded as a joint venture of Qantas, JAL and Mitsubishi Corp.
“By moving to this new structure, we will respond flexibly to market changes and maximise synergies with the JAL Group to achieve sustainable growth,” Japan Airlines Group CEO Mitsuko Tottori said.
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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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