What Happened
Australia Carrier Shifts Focus to Domestic Operations Amid Ownership Change
The Qantas Group and Japan Airlines have signed a binding agreement to change the ownership structure of Jetstar Japan, with Qantas exiting its 33.32% minority stake through a share buyback transaction. The deal, valued at JPY 8.2 billion (US$55 million), will see Development Bank of Japan become a new shareholder, while Tokyo Century Corporation and JAL retain their existing stakes. Qantas plans to redirect the freed-up capital towards its Australian operations, and the deal is expected to result in a gain of roughly AU$115 million (US$75 million) for the group. The transition is expected to be completed by June 2027, with no impact on existing operations for travelers, as reported by AeroTime.