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QANTAS to raise stake in Jetstar Asia/Valuair
April 4, 2009 — 2156, 9V-VLA, A320, A320-200, A320-232, Airbus, Airliners, Airlines, Jetstar Asia, Michael B. Ing, QANTAS Airways, SIN, Singapore, Valuair
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QANTAS Airways (Sydney) has announced it will increase its share in Jetstar Asia (Singapore) and Valuair (Singapore) from 45 percent to 49 percent through a new holding company (Newstar). Choo Teck Wong, a businessman in Singapore, will hold the remaining 51 percent through his holding company (Westbrook).
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