Qantas Vietnamese buy
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Qantas cfo Peter Gregg saidthe partnership would be an “important investment for the Qantas Group,supporting Jetstar’s growth strategy and enabling us to extend our reach in South East Asia”.
He said the carrier had beenactively exploring opportunities in the region for some time, adding that Vietnamoffers “great growth potential for aviation. “It has a large and growingdomestic market and is increasingly popular as a tourist destination,” he added.
QF’s low-cost offshootJetstar will work with Pacific Airlines to develop a new business plan whichwill see it reposition as a low cost carrier and “expand its operation bothwithin Vietnamand internationally”.
Gregg said the investmentwas a natural development for Jetstar which already has a strong presence inthe region through its investment in Jetstar Asia and its own internationalservices from Australiato various Asian cities.
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