The move will free up A$500mil (US$326.40mil) in capital for the Australian flag carrier to invest in its fleet renewal plans. — Reuters
SYDNEY: Australia’s Qantas says it will close Jetstar Asia, the group’s Singapore-based budget airline, as it reels with rising supplier costs, higher airport fees and intensifying competition among low-cost carriers.
The move will free up A$500mil (US$326.40mil) in capital for the Australian flag carrier to invest in its fleet renewal plans.
