An aircraft operated by Qantas Airways Ltd.'s low-cost unit Jetstar Airways prepares to land at Sydney Airport in Sydney, Australia, on Wednesday, Feb. 17, 2021. - Photographer: Brendon Thorne/Bloomberg
Australia's Qantas Airways will close its Singapore-based budget airline Jetstar Asia, the group said on Wednesday, blaming rising supplier costs, high airport fees and strong regional competition.
The shutdown of the 20-year-old airline next month will result in up to 500 job losses, a Qantas spokesperson said, and Jetstar Asia's fleet of 13 Airbus A320 planes will be redeployed to Australia and New Zealand.
