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.