QANTAS Group has confirmed it will sell its 30 percent minority share of Jetstar Pacific Airlines of Vietnam to co-owner Vietnam Airlines
QANTAS wants to focus on its other airlines.
Jetstar Pacific made this announcement:
Vietnam Airlines and QANTAS Group (Australia) have agreed to promote changes to Jetstar Pacific to improve business production and profitability of this low-cost airline, while promoting scale and the brand power of Vietnam Airlines in the domestic market.
Jetstar Pacific will conduct the procedures needed to change the brand name to Pacific Airlines, with a new logo and brand recognition set inspired by Vietnam Airlines’s main color. The time Jetstar Pacific officially operates under new name Pacific Airlines will be based on authorities decision.
Pacific Airlines will also convert booking system from Navitaire to Sabre – Vietnam Airlines system in operation – to synchronize the flight, booking procedures and features for customers with Vietnam Airlines.
After changing the brand name, Vietnam Airlines and Pacific Airlines will continue to create a product series that not only meets the diverse needs of customers from low-to high-end cost segment, but also increases value, benefits for both customers and businesses.
Jetstar Pacific Airlines became the first low-cost airline in Vietnam when it was launched in May 2008. The carrier flies to 16 domestic and international destinations with its fleet of 10 Airbus A320 aircraft.
Jetstar Pacific is owned by two major shareholders. Vietnam Airlines holds 70 percent, and the QANTAS Group holds 30 percent.
Jetstar Pacific Airlines aircraft photo gallery: