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Singapore-based Jetstar Asia has tapped a former chief financial officer as its new CEO.
Barathan Pasupathi will take over on July 2, replacing Chong Phit Lian, who stepped down February 1 after six years heading the budget airline. Former Jetconnect head Paul Daff will serve as Jetstar Asia interim CEO until Barathan starts work.
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Barathan served as Jetstar Asia’s CFO between 2004 and 2007 before moving to Kuwait’s Jazeera Airways and later to a German oil company in Singapore.
Qantas owns a 49 per cent share of Jetstar Asia, which posted a pre-tax profit of S$18 million (A$14m) last financial year, its best result since it began service in 2004. The carrier faces rising competition, however, in the form of Malaysia based AirAsia, Singapore Airlines-backed Tiger Airways and SIA’s new budget start up, Scoot.
Qantas announced plans this week to launch another Jetstar franchise in Hong Kong under a joint venture with China Eastern Airlines.
