VGN

Qantas to close Jetstar Asia as financial challenges and regional competition intensifies

Qantas Airways (ASX: QAN) has confirmed it will close its Singapore-based low-cost subsidiary Jetstar Asia in a bid to free up millions in capital to support an ambitious fleet renewal program. Jetstar Asia has faced growing challenges in recent years from rising supplier costs, high airport fees and intensified regional competition. The company expects to […]