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Australia's Qantas to Exit Jetstar Japan to Focus on Domestic Offerings
Qantas exits Jetstar Japan as the airline shifts to Japanese capital ownership, with the Development Bank of Japan joining as a new shareholder in a transition set for July.
- Japan Airlines and Qantas announced a non-binding memorandum of understanding on Tuesday to shift Jetstar Japan's ownership to a Japanese capital-led structure.
- The Development Bank of Japan intends to join as a new shareholder while Tokyo Century retains its holding, with the carriers saying this change should benefit customers through stronger aviation and tourism ties.
- This July, the final shareholders' agreement and the brand transition are scheduled for Jetstar Japan, with an announcement on the new brand expected in October.
- Qantas chief executive Vanessa Hudson praised Jetstar Japan's pioneering role and thanked Japan Airlines and Jetstar team members for maintaining safety and service for millions of customers.
- Recent travel data and currency strength provide context for Qantas' timing as it restructures its Japan joint venture, with over 12.5 million Australians taking overseas holidays and the Australian dollar strengthening in recent months.
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Qantas Airways sells its stake in Jetstar Japan, a low-cost airline that separates from its 33.32 percent minority stake to focus on its core business in Australia.
Qantas sells Jetstar Japan, airline shifts to new ownership
Qantas Airways will sell its 33% stake in Narita-based Jetstar Japan, ending a 14-year joint venture with Japan Airlines and Tokyo Century. This decision was formalized through a non-binding Memorandum of Understanding (MoU) signed with Japan Airlines on February 3, 2026. The goal of this agreement is to transition Jetstar Japan to a Japanese-led ownership structure to “set the airline up for its next phase of growth, sustainable development and…
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