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9h ago

Qantas to Sell Jetstar Japan Stake as Japanese-Led Ownership Plan Takes Shape

A non-binding deal puts a Japanese-led investor group, including the Development Bank of Japan, on track to assume ownership as formal agreements target mid-2026.

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Japan Airlines and Qantas, the major shareholders of Jetstar Japan, have flagged a major transition to a new Japanese-based ownership structure.

Overview

  • Qantas and Japan Airlines signed a non-binding memorandum of understanding on February 3 to transition Jetstar Japan to a Japanese-led ownership structure with the Development Bank of Japan set to join.
  • Qantas plans to divest its 33% holding, drawing to a close a 14-year joint venture with Japan Airlines and Tokyo Century.
  • Tokyo Century will retain its stake, with the parties aiming to finalize a new shareholders’ agreement around July 2026.
  • Jetstar Japan plans a rebrand and international growth centered on Narita, with a brand announcement slated for October 2026 and completion of share transfer and brand change targeted by June 2027.
  • The airline says flight operations, bookings, and codeshare arrangements with Qantas and Japan Airlines will continue unchanged during the transition.