alberttky 0 Report post Posted February 22, 2012 SYDNEY - Australian carrier Qantas said Wednesday that Vietnam Airlines will take a majority share in its Jetstar Pacific offshoot from the Vietnamese State Capital Investment Corporation. Under the arrangement, the Vietnamese airline will hold 69.93 per cent of the low-cost airline, with Qantas owning 30 per cent. "This partnership brings together the proven low cost model of Jetstar with the unique local knowledge and existing networks of national carrier Vietnam Airlines," said Qantas chief Alan Joyce. "We are confident this partnership between a low cost carrier and a full service airline in Vietnam can replicate the success of our Qantas and Jetstar strategy in Australia, and follows our recent partnership with Japan Airlines to form Jetstar Japan." Jetstar Pacific would receive a capital injection of A$25 million (S$33.4 million) for fleet renewal, with the five Boeing 737s used currently to be replaced with new Airbus A320s from the middle of 2012, Qantas added in a statement. The airline hopes to have 15 A320s in its fleet within the next few years. Qantas bought into Jetstar Pacific, then known as Pacific Airlines, in 2007 with the carrier operating almost 150 services a week to seven destinations within Vietnam. It connects with Jetstar's international network through flights to Singapore. Qantas owns 100 per cent of Jetstar Airways in Australia and 49 per cent of Jetstar Asia Airways in Singapore. http://www.relax.com.sg/relax/news/963598/Vietnam_Airlines_takes_majority_stake_in_Jetstar_Pacific.html Share this post Link to post Share on other sites
Nguyen Vu Loc 0 Report post Posted February 22, 2012 The new ( BL or PIC) Chairman of the Board is the deputy GM of VNA and the new CEO is ex-director of the Central Vietnam Airports Group Share this post Link to post Share on other sites
alberttky 0 Report post Posted February 23, 2012 Jetstar Pacific to become Vietnam Airlines’ low-cost carrier in salutary move to both http://www.centreforaviation.com/analysis/jetstar-pacific-to-become-vietnam-airlines-low-cost-carrier-in-salutary-move-to-both-68641 Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted February 23, 2012 Lets see how they will play out as VN and QF are in different alliances..... Share this post Link to post Share on other sites
Kris Kim 0 Report post Posted February 23, 2012 Lets see how they will play out as VN and QF are in different alliances..... Actually both VN & QF code-share on flights from MEL/SYD to SGN, and QF for one doesn't really care what alliances the other carriers are in, if you are based in a place like Australia with limited connections from other OW members you would do whats right to make a profit. QF for example also code-shares with AF & OZ of both ST & *A respectively. Share this post Link to post Share on other sites
