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Unformatted text preview: Jetstar and AirAsia merge to create premier low cost airline in Asia-Pacific SYDNEY, March. 29, 2010 Jetstar Airways a wholly owned subsidiary of Qantas Airways (ASX: QAN) and AirAsia (MYX: 5099) today merged, creating a premier low cost airline in the Asia-Pacific region which is ultimately expected to benefit customers with cheaper fares. Qantas Airways Chief Executive Officer Alan Joyce, Jetstar Chief Executive Officer Bruce Buchanan and AirAsia Group Chief Executive Officer Datuk Seri Tony Fernandes finalised the agreement in Sydney today. The newly formed airline Air Jetstar with headquarter in Sydney, will begin its operations with a renewed passion for excellent customer service and consistent low fares to customers in over 95 cities in the Asia-Pacific region more than any other airline. The merger brings together the two leading low cost, low fares carriers and will focus on synergies to build strong foundation for profitable growth through major cost reductions and...
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This note was uploaded on 05/12/2010 for the course ECMT 1020 taught by Professor Bo during the Three '10 term at University of Sydney.
- Three '10