Australia's Qantas to close budget airline Jetstar Asia
Source: BBC
Singapore-based budget airline Jetstar Asia will close down at the end of July, its Australian owner Qantas has announced. The low-cost carrier has struggled with rising supplier costs, high airport fees and increased competition from other airlines in the region. Qantas says the closure will provide it with A$500m ($325.9m; £241.4m) to invest towards renewing its fleet of aircraft, adding that it will redeploy…
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