Jetstar Asia to cease operations from July 31
Jetstar Asia will continue to operate flights for the next seven weeks on a progressively reduced schedule, before its final day of operations on July 31. ST PHOTO: STEPHANIE YEOW
SINGAPORE - Jetstar Asia will cease operations from July 31 as part of its 'strategic restructure', said its parent company Qantas Group in a statement on June 11.
It said only 16 intra-Asia routes will be impacted by the closure of Jetstar Asia with no changes to Jetstar Airways and Jetstar Japan services into Asia.
'All of Jetstar Airways international services in and out of Australia remain unchanged,' it said.
The statement said Jetstar Asia will continue to operate flights for the next seven weeks on a progressively reduced schedule, before its final day of operation on July 31, 2025.
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AsiaOne
an hour ago
- AsiaOne
No significant impact to travellers after Jetstar Asia closure, say analysts, Singapore News
Travellers will not be significantly impacted with the impending closure of Singapore-based low-cost carrier (LCC) Jetstar Asia, aviation analysts have said. The Qantas subsidiary announced on June 11 that will be ceasing operations, effective July 31. Speaking to AsiaOne, V. Mathivaanan, Covering Programme Chair for Diploma in Aviation Management, School of Engineering, Republic Polytechnic, said that Jetstar Asia's closure does not signal a downturn for the larger aviation industry. "In fact, the global aviation industry is experiencing solid growth, both in passenger travel and financial performance," he said, citing International Air Transport Association (IATA) data which revealed that global passenger demand for April rose by eight per cent year-on-year. The data also found that international travel demand rose by 10.8 per cent year-on-year, with a record load factor of 84.1 per cent. 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Jetstar Asia was projected to post a loss of A$35 million (S$29.2 million) for this financial year prior to the closure decision, due to rising supplier costs, high airport fees, and intensified competition in the region, said the aviation conglomerate. "Despite their best efforts, we have seen some of Jetstar Asia's supplier costs increase by up to 200 per cent, which has materially changed its cost base," said Vanessa Hudson, CEO of Qantas Group. By shutting down operations at Jetstar Asia, Qantas will be able to reallocate capital to stronger core markets. Specifically, A$500 million in fleet capital will be recycled into the group's core businesses, while its 13 aircraft will be progressively redeployed to Australia and New Zealand for fleet renewal plans. Qantas Group also said that despite Jetstar Asia's imminent closure, Singapore will remain a "critical hub" as the third largest international airport for the group. [[nid:718967]]

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CNA
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Toyota chairman re-elected against backdrop of $33 billion buyout bid
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