Qantas and Vietnam Airlines to invest US$139m in Jetstar Pacific
Qantas and Vietnam Airlines have unveiled plans to invest US$139m to more than double the size of Jetstar Pacific's fleet to 30 aircraft over the next 4 years. Qantas, as the owner of a 30%, will provide $42m to Jetstar Pacific over a number of tranches between now and 2020 with Vietnam Airlines responsible for the remainder due to its 70% stake. The decision to boost the A320 fleet was flagged in November, but at the time Qantas and Vietnam Airlines did not provide any details of the financial investment required. Jetstar Pacific has 12 aircraft that are flown on 23 domestic and international routes, but CAPA said that was expected to rise to 18 by the end of 2016. In the first half of the Qantas financial year, Jetstar Pacific capacity rose by 48%, although the percentage of seats filled dipped to 83.4% from 88.3% a year earlier. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-04-28/unaligned/qantas-and-vietnam-airlines-to-invest-us-139m-in-jetstar-pacific
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Qantas and Vietnam Airlines to invest US$139m in Jetstar Pacific
Qantas and Vietnam Airlines have unveiled plans to invest US$139m to more than double the size of Jetstar Pacific's fleet to 30 aircraft over the next 4 years. Qantas, as the owner of a 30%, will provide $42m to Jetstar Pacific over a number of tranches between now and 2020 with Vietnam Airlines responsible for the remainder due to its 70% stake. The decision to boost the A320 fleet was flagged in November, but at the time Qantas and Vietnam Airlines did not provide any details of the financial investment required. Jetstar Pacific has 12 aircraft that are flown on 23 domestic and international routes, but CAPA said that was expected to rise to 18 by the end of 2016. In the first half of the Qantas financial year, Jetstar Pacific capacity rose by 48%, although the percentage of seats filled dipped to 83.4% from 88.3% a year earlier. <br/>
