All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Qantas Sells Jetstar Japan Stake in $52 Million Buyback

Created at 3 Aug · 11:01 PM1 source
IN SHORT

Qantas Airways will divest its 33.32% ownership in Jetstar Japan through a share buyback valued at approximately $52.11 million. The transaction is expected to conclude the Australian airline's exit from the Japanese low-cost carrier.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

33.32%Qantas stake in Jetstar Japan
8.2 billion yenJetstar Japan share buyback value
$52.11 millionJetstar Japan share buyback value in USD

Who's Involved

Qantas Airways
Australian airline selling stake in Jetstar Japan
Jetstar Japan
Japanese low-cost carrier
Qantas Sells Jetstar Japan Stake in $52 Million Buyback

↳ Why This Matters

The sale of Qantas's stake in Jetstar Japan marks a strategic shift for the Australian airline, potentially allowing it to refocus resources or streamline its international operations.

Key facts

  • Qantas Airways is selling its 33.32% stake in Jetstar Japan.
  • The transaction is a share buyback deal.
  • The deal is valued at 8.2 billion yen, equivalent to $52.11 million.

Qantas Airways has announced its decision to sell its 33.32% stake in the Japanese low-cost carrier Jetstar Japan. The divestment will be executed through a share buyback transaction, valued at 8.2 billion yen, which equates to approximately $52.11 million. This move signifies Qantas's exit from its investment in the Japanese airline.

Frequently asked questions

The share buyback transaction for Qantas's stake in Jetstar Japan is valued at 8.2 billion yen, approximately $52.11 million.

Qantas Airways is selling its 33.32% stake in Jetstar Japan.

The transaction is a share buyback deal through which Qantas will exit its ownership in Jetstar Japan.

What Happens Next

01The share buyback transaction is expected to be completed.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

Qantas Airways announced its intention to sell its 33.32% stake in Jetstar Japan.
The divestment will occur through a share buyback transaction valued at 8.2 billion yen ($52.11 million).

Sources

T1
Australia's Qantas to exit Jetstar Japan in $52 million share buyback dealReuters
T2
Qantas Airways Limited Stock (QAN) - Quote Australian S.E ...au.marketscreener.com

Related Stories

WestJet, flight attendants' union reach tentative wage deal to end strike
3 Aug · 10:41 AM
Visa to buy fraud intelligence provider BioCatch for $2.4 billion
3 Aug · 12:52 PM
FleetPartners shares surge on $534 million takeover bid from Pacific Equity Partners
3 Aug · 2:54 AM
Japan's Orix to acquire UK aircraft parts firm AerFin for $640 million
3 Aug · 2:41 PM
Allegiant pilots ratify two-year deal with carrier
3 Aug · 10:55 AM