United Kingdom
United States
Asia Pacific
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.
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Dozens fall ill in P&O Cruises ship outbreak
Woman dies after getting ‘entangled’ in baggage carousel