JetStar to invest $500 mln in Singapore hub, add aircraft

[Nigelinoz]

From Reuters
UPDATE 1-JetStar to invest $500 mln in Singapore hub, add aircraft | Reuters

SINGAPORE, July 15 (Reuters) - Budget airline JetStar, a unit of Australia's Qantas , plans to invest $500 million in its Singapore hub, mostly by adding seven Airbus aircraft, Chief Executive Bruce Buchanan said.
JetStar will add five new Airbus A320 single-aisle aircraft and an additional two wide-body Airbus A330 planes at the Singapore operation to support its expansion, the carrier said in a statement.

Cheers
N'oz

 

[markis10]

We know where the A330s are coming from!

 

[Awesom Andy]

We know where the A330s are coming from!

I say we can make a very good guess at the registrations of the 2 aircrafts as well.

 

[samh004]

Will they be using their own money for this expansion

 

[elbarto]

I wonder if any of the Air Asia orders for A320neo and A330s are bound for Jetstar given their procurement alliance They've been very quiet since the alliance was announced.

 

[Vinny]

What good PR it is to be flying a subsidiary of an airline that screams to all who will listen 'I still call Australia home".

It's another step towards the end of QF as we knew it.

 

[ozbeachbabe]

So I guess QF must have a lazy 500 mil lying around to gift its little bro. Hey it's just all one big happy family.

 

[samh004]

So I guess QF must have a lazy 500 mil lying around to gift its little bro. Hey it's just all one big happy family.

To be fair, JQ is earning money, but I think the money they're earning should be offset by the investment QF mainline has put into them. It's not fair to throw money at them, because they're making money, after all, they're only making money because money is being thrown at them. While at the same time, QF gets nothing, because they're not being given money to improve, and thus not making money. Great business.

 

[oz_mark]

$500 million may sound a lot - but it's only 7 planes!

 

[serfty]

To be fair, JQ is earning money, but I think the money they're earning should be offset by the investment QF mainline has put into them. It's not fair to throw money at them, because they're making money, after all, they're only making money because money is being thrown at them. While at the same time, QF gets nothing, because they're not being given money to improve, and thus not making money. Great business.

Unlike Tiger who are having money thrown at them, and who are spending it.