Qantas Sells Jetstar Japan Stake to Development Bank of Japan

Qantas has announced its intention to sell its 33.32% shareholding in Jetstar Japan to the Development Bank of Japan. This move is part of Qantas's strategy to focus capital investment on its core businesses, Qantas and Jetstar.

Transaction Details

The sale follows Qantas's previous disposal of its holding in Singapore-based Jetstar Japan approximately six months prior.

Qantas CEO Vanessa Hudson stated that the new ownership structure is expected to deliver greater value to customers, leveraging the Development Bank of Japan's aviation knowledge.

The transaction will not impact Qantas or Jetstar international services between Australia and Japan. Furthermore, it will not affect JAL code-share arrangements.

Jetstar Japan operates 27 aircraft in the A320 family, connecting major hubs like Tokyo, Osaka, and Nagoya with other Japanese cities.

Broader Strategic Context

Qantas is also preparing for its Project Sunrise strategy. This involves direct non-stop flights from Sydney to New York and London, using specially designed Airbus A350s.

Separately, Japan has become a popular destination for Australian travelers. This is partly due to a weaker yen and numerous skiing options.