Qantas to divest entire 33.32% stake in Jetstar Japan as DBJ, JAL move to take control
Qantas will sell its entire 33.32% holding in Jetstar Japan, citing weaker corporate demand and rising fuel costs; the Development Bank of Japan is expected to join and Japan Airlines has signed a memorandum of understanding. Qantas will refocus on its Australian domestic network and accelerate fleet renewal.