Qantas has announced it will divest its stake in Jetstar Japan, which will be rebranded to a new Japanese-based structure.
In a MoU signed on 3 February, Qantas Group will sell off its 33.3% share.
Possibly entering the shareholder picture next is Development Bank of Japan (DBJ), which carries “extensive market knowledge and a proven track record in the aviation industry” according to a Japan Airlines announcement.
Tokyo Century Corporation will retain as a shareholder of the Narita-based low-cost carrier.
The changes will take effect only after an agreement is signed and the transaction completed.
AloJapan.com