Troubled Jetstar Asia to scale down fleet

Status
Not open for further replies.

Yada Yada

Established Member
Joined
Dec 6, 2004
Messages
1,877
Points
0
smh.com.au said:
Troubled Jetstar Asia to scale down fleet
By Scott Rochfort
April 5, 2006

QANTAS'S dream of grabbing a sizeable chunk of the low-cost Asian aviation market is looking increasingly shaky, with its 44.5 per cent owned Jetstar Asia seeking a fresh $S36 million ($31.2 million) capital injection.

The troubled Singapore airline is also looking to cut back its fleet of eight A320s to six by the end of the year in order to rein in its ballooning losses.

Singapore's Straits Times newspaper reported that Jetstar Asia's holding company, Orangestar Investment Holdings, sent a note to its shareholders proposing the capital-raising. The airline's other key shareholder includes the Singapore Government's investment arm, Temasek Holdings.

The note cited the airline's inability to gain landing rights into key markets and the "aggressive competitive landscape with new entrants and capacity growth".

More
 

JohnK

Veteran Member
Joined
Mar 22, 2005
Messages
43,731
Points
3,070
Not surprised at all. I am not too sure there are many people, apart from Geoff, who seriously thought that Jetstar Asia was going to be a success in that cut-throat market.

I hope Jetstar International falls down the same drain!
 

oz_mark

Enthusiast
Joined
Jun 30, 2002
Messages
19,474
Solutions
6
Points
1,440
While I understand your sentiment, I actually do think Jetstar International has got a shot at being successful.
 

serfty

Veteran Member
Moderator
Joined
Nov 16, 2004
Messages
44,083
Solutions
19
Points
3,300
Qantas
Platinum
Virgin
Platinum
oz_mark said:
While I understand your sentiment, I actually do think Jetstar International has got a shot at being successful.
Certainly; by using the same method they did with deathstar oz ... replacing existing Qantas routes. MEL-OOL anyone?
 

markis10

Veteran Member
Joined
Nov 25, 2004
Messages
30,449
Points
10
i would fly Jetstar Asia if I could get lounge access, it is for this reason I changed a recent trip to a day earlier so that I could take the CX flight instead!
 

clifford

Established Member
Joined
Jul 6, 2004
Messages
2,069
Points
420
Pity really.

Jetstar Asia is actually one of the better Asian LCC's.
 
Possibly the best subscription service on the planet, designed specially by whisky lovers for whisky lovers. Join the club to grow your collection and drink great whisky.

AFF Supporters can remove this and all advertisements

Status
Not open for further replies.

Enhance your AFF viewing experience!

From just $6 we'll remove all advertisements so that you can enjoy a cleaner and uninterupted viewing experience.

And you'll be supporting us so that we can continue to provide this valuable resource :)


Sample AFF with no advertisements? More..

Recent Posts

Top