
Turbulence ahead for budget travel? Jetstar Asia grounded by rising costs
Singapore has long been a top destination for travellers from Bangkok, thanks to its proximity and diverse attractions. Just two hours away by air, the city-state offers everything from world-class shopping and dining to cultural landmarks. Likewise, many Singaporeans regularly visit Thailand, making the connection between the two nations strong.
So, it may come as a surprise that low-cost carrier Jetstar Asia will cease operations from July 31. The airline cited rising supplier costs, increased airport fees, soaring aviation expenses, and heightened regional competition as reasons for the decision.
The closure impacts 16 intra-Asia routes, including flights between Singapore and Bangkok. However, Jetstar Airways and Jetstar Japan services within Asia remain unaffected.
Since launching in December 2004, Jetstar Asia has been a popular choice for affordable travel between the two cities, operating up to 28 weekly round trips at its peak. Its Airbus A320 fleet catered to strong demand from both leisure and business travellers.
While airlines like Scoot, Singapore Airlines and Thai Airways will continue to serve this busy route, the loss of 28 weekly flights may reduce seat availability in the short term. This could lead to slightly higher fares on budget routes until other carriers step in to fill the gap.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
2 hours ago
- Reuters
Air India disaster deals heavy blow to 'world class airline' ambition
NEW DELHI, June 12 (Reuters) - The Air India plane crash in which more than 200 passengers were killed on Thursday has plunged the airline into its deepest crisis yet and will deal a heavy blow to its efforts to revamp its reputation and fleet. After taking the carrier over from the government in 2022, the Tata Group unveiled ambitious plans to reverse years of underinvestment in an ageing and outdated fleet and create a "world class airline", as CEO Campbell Wilson has repeatedly put it, on a par with rivals like Emirates. The turnaround has been aimed at tackling its myriad problems including persistent flight delays, disgruntled customers, a shortage of spare parts, delayed plane deliveries and years of financial losses. "Newer aircraft and better maintenance should be the hallmark for Air India to survive. Proper maintenance is what they should be looking into, because Air India has had a chequered past," said Vibhuti Deora, a former legal expert at India's Aircraft Accident Investigation Bureau. That past includes, while under government ownership, Boeing 737 flight from Dubai overshooting the runway at one domestic airport and crashing into a gorge in 2010, killing 158 people. More recently, its low-cost unit Air India Express saw one craft skid off a runway in India in 2020, killing 21 people. Only a few days ago, Indian Prime Minister Narendra Modi told an international gathering of hundreds of airline executives in New Delhi that the country's aviation industry stood at a crucial point of takeoff. On Thursday, however, Air India swapped the bright red colour scheme and logo on its website for a more sombre black and grey one, covering it with a banner that carried the crashed flight's number: "AI-171". "For an airline, the most important thing is the brand's identity with safety. This will be a major setback for the brand in that aspect," said Dilip Cherian, a communications consultant and co-founder of public relations firm Perfect Relations. With its maharajah mascot, Air India was once renowned for its lavishly decorated planes and stellar service championed by its founder, JRD Tata, India's first commercial pilot. But since the mid-2000s, the carrier's reputation has worsened as financial troubles mounted. It has flown widebody planes with business class seats in poor condition and grounded some of its new Boeing (BA.N), opens new tab 787 Dreamliners for lack of spare parts. When Tata regained control, the airline was "just in absolute shambles", its CEO Wilson told Reuters in a 2024 interview, noting that some of its planes hadn't had a product refresh since they were delivered in 2010-2011. Air India, which has a 30% share of the domestic passenger market, has a fleet of 198 planes, of which 27 are 10-15 years old and 43 are more than 15 years old, the civil aviation ministry told parliament in March. Air India Express had 101 planes, with 37% of them more than 15 years old. The plane that crashed on Thursday was 11 years old, according to Flightradar24. Rival Indian airlines like IndiGo ( opens new tab operate newer planes. Air India, which is part-owned by Singapore Airlines ( opens new tab, has placed orders for 570 new jets in recent years and is in talks for dozens more. It has even aggressively expanded its international flight network in the face of the fury of its passengers, who often take to social media to show soiled seats, broken arm rests, non-operational entertainment systems and dirty cabin areas. It has also been ranked the worst airline for flight delays in Britain, where its departures were on average just under 46 minutes behind schedule in 2024, according to analysis of Civil Aviation Authority data by the PA news agency published in May. It has also been reporting losses since at least fiscal 2019-20. In 2023-2024, it reported a net loss of $520 million on sales of $4.6 billion. Before it can make any further progress on these problems, however, it faces the difficult task of investigating one of India's worst aviation disasters ever. "This is a difficult day for all of us at Air India," CEO Wilson said in a video message. "Investigations will take time."


Sky News
2 hours ago
- Sky News
What is Air India's safety record?
Why you can trust Sky News An Air India plane carrying 242 people has crashed in Ahmedabad, in one of the country's worst aviation disasters in decades. Video footage shows the Boeing 787 Dreamliner plane - which had been bound for London Gatwick - coming down just outside Ahmedabad airport, where it hit a doctors' hostel in a residential area. Air India, which started operations in 1932, and its subsidiary Air India Express have suffered several fatal and non-fatal crashes over the years. According to Aviation Safety Network (ASN) the most recent fatal crashes were: • May 2010: Boeing 737-800 (Air India Express) overshot the runway at Mangalore, India, and crashed into a gorge, killing 158 people. • August 2020: Boeing 737-800 (Air India Express) after landing in Karipur, India, the aircraft left the runway, rolled down an embankment and broke up, killing 21 people. Air India's history The airline, the country's flagship carrier, is a private company, majority owned by the Indian conglomerate Tata Group and minority owned by Singapore Airlines. The airline operates more than 5,600 weekly flights and connects more than 90 domestic and international destinations, with a fleet of 208 aircraft. It flies more than 120,000 passengers every day and offers connectivity to over 800 destinations through more than 75 partners. It was founded in 1932 and was owned by the Indian government from 1953 to 2022. Here are some recent non-fatal incidents, according to ASN, which references various sources: • September 2024: Boeing 737-8HG (Air India Express) suffered engine problems after taking off from Delhi, which was confirmed by the airline, and the aircraft returned to the airport. • October 2024: Boeing 737-8HG (Air India Express) declared an emergency immediately after take-off due to a hydraulic issue in Tamil Nadu, eventually landing safely, which a local minister said had affected the landing gear. • December 2024: Airbus A320-251N started the take-off roll (the start of building up speed to take off) on a taxiway instead of the runway at Goa, according to the aviation safety regulator, but stopped when alerted by a tower controller. • December 2024: Boeing 737-86N (Air India Express) returned to land at Kochi after tyre debris was found on the runway, according to Onmanorama, a local news outlet in Kerala. • January 2025: Airbus A320-251N suffered an engine shutdown after departing Bangalore and landed safely at the same location, according to the Times of India.

Finextra
2 hours ago
- Finextra
Stablecoin startup Noah raises $22m
A former Adyen executive and an ex-UBS analyst have become the latest entrants into the increasingly crowned stablecoin infrastructure market, raising $22 million in seed founding for their startup, Noah. 0 LocalGlobe led the round, with participation from Felix Capital, FJ Labs and angels including Joe Lonsdale from Palantir and former Adyen CTO Alexander Matthey. Noah says its technology empowers businesses and their customers with lightning-fast, cost-efficient, and fully compliant global money transfers to rival the "slow, costly and frankly obsolete Swift system". Through its API and checkout integrations, businesses can convert funds between fiat and stablecoins across a network of over 50 currencies and 70 countries in real-time, transparently, cheaply and without compromising compliance, claims the startup. In a crowded market, Noah says that, while others bolt stablecoins onto existing or broader payment offerings, it is built around them, unequivocally committed to channelling its resources into building the essential infrastructure stablecoins need to scale. The funding will be used to spearhead expansion into fintech hubs across US, Europe and Asia, pursue essential licensing, and backing its product and engineering divisions. Thijn Lamers president, Noah and former EVP, global sales, Adyen, says: "Having had a front row seat to Adyen's explosive global demand, I see an even more profound trajectory for stablecoins. "Our cutting-edge technology, our world-class team, and now the formidable backing of top-tier investors perfectly position Noah to capitalise on the immense potential of stablecoins and address the practical needs of global businesses."