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Australia's Qantas to Exit Jetstar Japan to Focus on Domestic Offerings
Qantas exits Jetstar Japan as the airline shifts to Japanese capital ownership, with the Development Bank of Japan joining as a new shareholder in a transition set for July.
- Japan Airlines and Qantas announced a non-binding memorandum of understanding on Tuesday to shift Jetstar Japan's ownership to a Japanese capital-led structure.
- The Development Bank of Japan intends to join as a new shareholder while Tokyo Century retains its holding, with the carriers saying this change should benefit customers through stronger aviation and tourism ties.
- This July, the final shareholders' agreement and the brand transition are scheduled for Jetstar Japan, with an announcement on the new brand expected in October.
- Qantas chief executive Vanessa Hudson praised Jetstar Japan's pioneering role and thanked Japan Airlines and Jetstar team members for maintaining safety and service for millions of customers.
- Recent travel data and currency strength provide context for Qantas' timing as it restructures its Japan joint venture, with over 12.5 million Australians taking overseas holidays and the Australian dollar strengthening in recent months.
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JAL has announced that it will change the shareholder structure of Jetstar Japan. Qantas will withdraw from management and transfer all of its shares to the Development Bank of Japan (DBJ). We investigated the background and JAL's aims.
Qantas Airways sells its stake in Jetstar Japan, a low-cost airline that separates from its 33.32 percent minority stake to focus on its core business in Australia.
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Total News Sources18
Leaning Left0Leaning Right3Center3Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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