Qantas formalises divestment of Jetstar Japan

Qantas has finalized plans to sell its complete ownership interest in Jetstar Japan following the signing of a binding agreement. The transaction is anticipated to conclude by June 2027 and represents a significant strategic shift for the Qantas Group. Valued at approximately ¥8.2 billion ($52 million), this sale involves the disposal of Qantas’s 33.3% stake within Jetstar Japan. This divestment will be executed through a share buyback facilitated by the Development Bank. Consequently, Qantas aims to streamline operations and focus on core business activities while reducing financial exposure related to the low-cost carrier.