Jatstar Pacific set to take-off 23May08

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From the Age - Jetstar, Vietnam's Pacific Airlines partner up | theage.com.au

Qantas Airways subsidiary Jetstar has entered into a strategic and commercial partnership with Vietnam's Pacific Airlines to grow the airline in Vietnam and Asia under the Jetstar brand.

As of May 23, 2008, Vietnam's second largest carrier, Pacific Airlines, will complete its transformation to become Vietnam's first low cost, value based airline and will be renamed Jetstar Pacific.

The Qantas Group, which made an initial investment of 18% in Pacific Airlines in July 2007, will increase its investment in the airline to 30% in 2010.

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