2 days ago
Jetstar Asia ceasing operations: More than 500 employees to be retrenched
Singapore-based budget airline Jetstar Asia will cease operations from Jul 31. Its parent company Qantas cites increasing costs and competition among the reasons for the exit. More than 500 employees, from corporate staff to cabin crew, will be let go. Most are Singaporeans or Permanent Residents. Analysts also expect air ticket prices to go up in the next few weeks, as affected passengers search for other options. Chen Chuanren, Regional Editor of Air Transport World at Aviation Week Network, discusses the announcement. He talks about factors that led to Jetstar Asia's closure and how other budget airlines can capitalise on the routes they will leave behind.
