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Qantas shuts down Jetstar Asia, ending 500 jobs, due to financial pressures and losses.
Qantas is shutting down its budget airline Jetstar Asia by July 31 due to rising costs and increased competition, leading to the loss of 500 Singapore-based jobs.
The 13 Airbus A320 planes of Jetstar Asia will be redeployed to Australia and New Zealand, creating around 100 new jobs.
The closure is expected to unlock up to $500 million for reinvestment into Qantas' core businesses.
Passengers with canceled flights will receive refunds or alternative options, and Jetstar Asia employees will receive redundancy benefits and potential re-employment within Qantas.
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Qantas cierra Jetstar Asia, eliminando 500 empleos, debido a presiones financieras y pérdidas.