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Qantas ups Jetstar Japan stake

written by australianaviation.com.au | October 31, 2013
A file picture Jetstar Japan's first A320 at Narita.
A file picture Jetstar Japan’s first A320 at Narita.

Qantas has increased its stake in Jetstar Japan via an equity injection “to support the airline’s growth”.

Both Qantas and Japan Airlines are injected a combined ¥11 billion (around A$120m) into Jetstar Japan via non-voting shares, taking their holdings in Jetstar Japan to 45.7 per cent each. Consequently, Mitsubishi Corporation and Century Tokyo Leasing’s shares will be diluted from 8.3 per cent each to 4.3 per cent.

“The equity injection will support Jetstar Japan’s future fleet and infrastructure growth, enabling the carrier to capitalise on the significant potential of the low cost carrier market in the world’s third largest economy,” Qantas said in a October 31 statement.

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Jetstar Japan began flying in July 2012 and currently operates 18 A320s to nine Japanese destinations.

 

 

25% off starts now! Australian Aviation magazine Cyber Monday sale is now live. Have the very best of Australian Aviation’s annual print and digital subscription. This includes every In Focus and Behind the Lens digital magazine, special coverage, exclusive photos and editions you may have miss. Subscribe now at australianaviation.com.au.

Qantas ups Jetstar Japan stake

written by australianaviation.com.au | October 31, 2013
A file picture Jetstar Japan's first A320 at Narita.
A file picture Jetstar Japan’s first A320 at Narita.

Qantas has increased its stake in Jetstar Japan via an equity injection “to support the airline’s growth”.

Both Qantas and Japan Airlines are injected a combined ¥11 billion (around A$120m) into Jetstar Japan via non-voting shares, taking their holdings in Jetstar Japan to 45.7 per cent each. Consequently, Mitsubishi Corporation and Century Tokyo Leasing’s shares will be diluted from 8.3 per cent each to 4.3 per cent.

“The equity injection will support Jetstar Japan’s future fleet and infrastructure growth, enabling the carrier to capitalise on the significant potential of the low cost carrier market in the world’s third largest economy,” Qantas said in a October 31 statement.

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Jetstar Japan began flying in July 2012 and currently operates 18 A320s to nine Japanese destinations.

 

 

25% off starts now! Australian Aviation magazine Cyber Monday sale is now live. Have the very best of Australian Aviation’s annual print and digital subscription. This includes every In Focus and Behind the Lens digital magazine, special coverage, exclusive photos and editions you may have miss. Subscribe now at australianaviation.com.au.

Qantas ups Jetstar Japan stake

written by australianaviation.com.au | October 31, 2013
A file picture Jetstar Japan's first A320 at Narita.
A file picture Jetstar Japan’s first A320 at Narita.

Qantas has increased its stake in Jetstar Japan via an equity injection “to support the airline’s growth”.

Both Qantas and Japan Airlines are injected a combined ¥11 billion (around A$120m) into Jetstar Japan via non-voting shares, taking their holdings in Jetstar Japan to 45.7 per cent each. Consequently, Mitsubishi Corporation and Century Tokyo Leasing’s shares will be diluted from 8.3 per cent each to 4.3 per cent.

“The equity injection will support Jetstar Japan’s future fleet and infrastructure growth, enabling the carrier to capitalise on the significant potential of the low cost carrier market in the world’s third largest economy,” Qantas said in a October 31 statement.

Advertisement
Advertisement

Jetstar Japan began flying in July 2012 and currently operates 18 A320s to nine Japanese destinations.

 

 

25% off starts now! Australian Aviation magazine Cyber Monday sale is now live. Have the very best of Australian Aviation’s annual print and digital subscription. This includes every In Focus and Behind the Lens digital magazine, special coverage, exclusive photos and editions you may have miss. Subscribe now at australianaviation.com.au.

Qantas ups Jetstar Japan stake

written by australianaviation.com.au | October 31, 2013
A file picture Jetstar Japan's first A320 at Narita.
A file picture Jetstar Japan’s first A320 at Narita.

Qantas has increased its stake in Jetstar Japan via an equity injection “to support the airline’s growth”.

Both Qantas and Japan Airlines are injected a combined ¥11 billion (around A$120m) into Jetstar Japan via non-voting shares, taking their holdings in Jetstar Japan to 45.7 per cent each. Consequently, Mitsubishi Corporation and Century Tokyo Leasing’s shares will be diluted from 8.3 per cent each to 4.3 per cent.

“The equity injection will support Jetstar Japan’s future fleet and infrastructure growth, enabling the carrier to capitalise on the significant potential of the low cost carrier market in the world’s third largest economy,” Qantas said in a October 31 statement.

Advertisement
Advertisement

Jetstar Japan began flying in July 2012 and currently operates 18 A320s to nine Japanese destinations.

 

 

25% off starts now! Australian Aviation magazine Cyber Monday sale is now live. Have the very best of Australian Aviation’s annual print and digital subscription. This includes every In Focus and Behind the Lens digital magazine, special coverage, exclusive photos and editions you may have miss. Subscribe now at australianaviation.com.au.

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