Jetstar Asia based in Singapore is ranked second among the budget carriers in Asia. The airline first took off for Hong Kong on 13th December, 2004. Qantas and Temasek Holdings (Private) Limited jointly own more than 80 per cent of Jetstar Asia.
Jetstar Asia Airways merged with Valuair on 25th July 2005. Both airlines operate out of Singapore and fly to major cities in South-east Asia. The airline boasts of a brand-new fleet, great destinations and friendly crew and affordable experience. It has a fleet size of 10 aircraft.
The company, has seen a 20 per cent jump in revenue and 4 percent rise in passenger load factor to more than 75 per cent for the year ended 31 March 2008. Jetstar Asia is headed by chief executive officer Chong Phit Lian
While fuel accounts for 40 per cent of the group's expenses in the previous year, Jetstar Asia is confident that it is on the path to sustainable growth, according to Chong.
In the Skytrax Airline of the Year survey for 2006, Jetstar Asia was awarded the best low-cost Airline for both the Asia and South-east Asia categories. In 2007, it was ranked as the world's best low cost airlines by SkyTrax.
Image: Planes from Qantas budget carrier Jetstar (R) and Virgin Blue airline (L) pass each other at Sydney Airport.| Photograph: Greg Wood/AFP/Getty Images
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