CANBERRA: The "unsustainable” rising costs of operating from Singapore’s Changi airport were partly to blame for the closure of Qantas Airways Ltd.’s low-cost subsidiary Jetstar Asia, executives said.
The decision to shut down operations - and cut some 500 jobs - comes as losses mount for the Jetstar brand’s Singapore-based offshoot, which had only been profitable in the six of the 21 years. Higher airport fees imposed by Changi to fund a S$3 billion (US$2.3 billion) facility upgrade kicked in on April 1.
