Sydney Morning Herald, 3 November 2015. Qantas and Vietnam Airlines unveil big growth plans for Jetstar Pacific, by Jamie Freed.

An edited extract of the original article appears below.

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Qantas and Vietnam Airlines have committed to a long-term expansion of their Jetstar Pacific joint venture that could more than double the size of the Vietnamese low-cost carrier’s fleet to 30 over the next five years.

That would make Jetstar Pacific the largest of Qantas’s budget Asian offshoots, ahead of Singapore’s Jetstar Asia and Jetstar Japan, which have 18 and 20 aircraft respectively at present. However, Qantas has pointed to the potential to have 50 aircraft at its Japanese arm over the longer term.

Qantas owns 30 per cent of Jetstar Pacific, with state-owned Vietnam Airlines holding the majority 70 per cent share. Jetstar Pacific has grown from five aircraft in 2013 to 12 aircraft now, operating to 16 domestic and six international destinations.

After a meeting with Qantas chief executive Alan Joyce and Jetstar Group chief executive Jayne Hrdlicka in Sydney to discuss the venture, Vietnam Airlines chief executive Dr Pham Ngoc Minh said he was optimistic about the future of Jetstar Pacific…

 

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