Qantas exits Jetstar Japan in ¥8.2 billion stake buyback, clearing path for Japanese ownership
Jetstar Japan will buy back Qantas’ 33.32% stake in the low-cost carrier for ¥8.2 billion ($52.11 million), with Japan Airlines and the Development Bank of Japan forming the post-restructuring shareholder group. The carrier is expected to rebrand as a wholly Japanese-owned airline as Qantas redirects capital to its Australian operations.