Qantas Group pours cold water on Jetstar Asia sale rumours

first_imgA recent report by Reuters has claimed that Jetstar Asia is up for sale, however according to Qantas Group the report is speculation.The report states that Lion Air of Indonesia wants a share of the Singapore based Jetstar Asia, which is owned by Qantas.Qantas’ response so far has been vague, without making any clear confirmations or denials of the statement.Qantas have said that the report is just speculation however in February this year they announced that Jetstar expansion will be suspended.Recently Jetstar International has experienced cutbacks across the board, despite taking delivery of a small new fleet of airplanes.Figures from last year have shown a decline in nearly every area of business for Jetstar, however the same situation can be seen in budget air travel competitor, Tigerair.Jetstar Asia flew 2 million passengers in the six months ending December 2013, up 14.5 per cent from the same period in 2012 and load factors eased from 78.8 per cent to 78.1 per cent.Source = ETB News: Lewis Wisemanlast_img read more