New era for Jetstar Asia and Valuair
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An agreement has been met regarding a new ownership and shareholder structure for Singapore-based low-cost carriers, Jetstar Asia and Valuair. As a result the two airlines will align operations more closely with the Australia-based Jetstar, after Singapore company, Westbrook Investments, and the Qantas Group reached an agreement to acquire all shares in Orangestar Investment Holdings Pte Ltd.
When the transaction is completed, Westbrook will have a 51% shareholding in Newstar and Qantas will have the remaining 49% in the holding company.
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