Qantas Closes Jetstar Asia
This is a Singapore news story, published by CNN, that relates primarily to Vanessa Hudson news.
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Business & Economics
Qantas to close low-cost arm Jetstar Asia and cycle $326.4 million of capital | CNN Business

81% Informative
Qantas will close Jetstar Asia , the group’s Singapore -based budget airline, as it reels with rising supplier costs, higher airport fees and intensifying competition among low-cost carriers.
The move will free A$500 million ( $326.40 million ) in capital for the flag carrier to invest in its fleet renewal plans.
Group CEO Vanessa Hudson said the company has seen some supplier costs rise by up to 200% .
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